Xref (ASX:XF1) Receivables Turnover : 4.81 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Xref 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. Xref's Revenue for the six months ended in Dec. 2023 was A$9.93 Mil. Xref's average Accounts Receivable for the six months ended in Dec. 2023 was A$2.06 Mil. Hence, Xref's Receivables Turnover for the six months ended in Dec. 2023 was 4.81.

Xref Receivables Turnover Historical Data

The historical data trend for Xref'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.

Xref Receivables Turnover Chart

Xref Annual Data

Trend

Mar14

Mar15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

Get a 7-Day Free Trial

4.60

5.19

8.15

10.06

9.02

Xref Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															6.07	5.40	5.55	4.44	4.81

Competitive Comparison of Xref's Receivables Turnover

For the Software - Application subindustry, Xref'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.

Xref's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Xref's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Xref's Receivables Turnover falls into.

Xref Receivables Turnover Calculation

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

Xref'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 )
=	20.399	/ (	(1.81	+	2.715)	/	2 )
=	20.399	/	2.2625
=	9.02

Xref'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 )
=	9.925	/ (	(2.715	+	1.411)	/	2 )
=	9.925	/	2.063
=	4.81

Xref (ASX:XF1) 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.

Xref Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Xref's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Xref (ASX:XF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xref Ltd (ASX:XF1) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

13 Hickson Road, Suite 13, Level 3, Dawes Point, Sydney, NSW, AUS, 2000

Website

https://www.xref.com

Xref Ltd is a human resources technology company that automates the candidate reference process for employers. It is involved in leveraging databases to provide predictive analytics that enables human resource directors to make data-driven decisions. The company transforms the phone-based, manual procedure into a cloud-based, electronic process. It requests referee information from the candidate and gathers other information, analyses the candidate, and provides the report. Geographically, it derives a majority of its revenue from Australia and also has a presence in Canada; the United Kingdom; Norway; New Zealand, and the United States.

Xref (ASX:XF1) Headlines

No Headlines