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Spirit Technology Solutions (ASX:ST1) Receivables Turnover : 6.52 (As of Dec. 2023)


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What is Spirit Technology Solutions Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Spirit Technology Solutions's Revenue for the six months ended in Dec. 2023 was A$57.0 Mil. Spirit Technology Solutions's average Accounts Receivable for the six months ended in Dec. 2023 was A$8.7 Mil. Hence, Spirit Technology Solutions's Receivables Turnover for the six months ended in Dec. 2023 was 6.52.

Spirit Technology Solutions Receivables Turnover Historical Data

The historical data trend for Spirit Technology Solutions's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Spirit Technology Solutions Receivables Turnover Chart

Spirit Technology Solutions Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.58 13.49 11.52 10.77 12.11

Spirit Technology Solutions Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.99 5.56 5.86 5.92 6.52

Competitive Comparison of Spirit Technology Solutions's Receivables Turnover

For the Telecom Services subindustry, Spirit Technology Solutions's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Spirit Technology Solutions's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Spirit Technology Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Spirit Technology Solutions's Receivables Turnover falls into.


Spirit Technology Solutions Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Spirit Technology Solutions's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=127.114 / ((11.87 + 9.121) / 2 )
=127.114 / 10.4955
=12.11

Spirit Technology Solutions's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=57.006 / ((9.121 + 8.378) / 2 )
=57.006 / 8.7495
=6.52

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Spirit Technology Solutions  (ASX:ST1) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Spirit Technology Solutions Receivables Turnover Related Terms

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Spirit Technology Solutions (ASX:ST1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spirit Technology Solutions Ltd (ASX:ST1) » Definitions » Receivables Turnover
Comparable Companies
ASX:5GN ASX:SWP ASX:NOR ASX:FRX ASX:5GG ASX:FSG ASX:SPA ASX:HFY ASX:VN8 SHSE:600941 TMUS VZ CMCSA T XTER:DTE NSE:BHARTIARTL TSE:9432 TSE:9984 HKSE:00728 AMX B
Traded in Other Exchanges
N/A
Address
19-25 Raglan Street, Level 2, South Melbourne, Melbourne, VIC, AUS, 3205
Website
https://www.spirit.com.au
Spirit Technology Solutions Ltd provides telecommunication services, cloud services, managed IT services, and cyber security services to small and medium-sized businesses. It derives key revenue from Managed services followed by internet and data services. Geographically the group operates and generates revenue in Australia.

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