Aitken Spence (COL:SPEN.N0000) Receivables Turnover : 1.23 (As of Dec. 2023)

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What is Aitken Spence 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. Aitken Spence's Revenue for the three months ended in Dec. 2023 was රු27,259 Mil. Aitken Spence's average Accounts Receivable for the three months ended in Dec. 2023 was රු22,242 Mil. Hence, Aitken Spence's Receivables Turnover for the three months ended in Dec. 2023 was 1.23.

Aitken Spence Receivables Turnover Historical Data

The historical data trend for Aitken Spence'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.

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Aitken Spence Receivables Turnover Chart

Aitken Spence Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.78

4.35

2.70

4.30

6.12

Aitken Spence Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.03	1.46	1.00	0.98	1.23

Competitive Comparison of Aitken Spence's Receivables Turnover

For the Conglomerates subindustry, Aitken Spence'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.

Aitken Spence's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aitken Spence's Receivables Turnover distribution charts can be found below:

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

Aitken Spence Receivables Turnover Calculation

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

Aitken Spence's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	96988.994	/ (	(14112.665	+	17601.591)	/	2 )
=	96988.994	/	15857.128
=	6.12

Aitken Spence'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	27259.28	/ (	(21758.344	+	22725.382)	/	2 )
=	27259.28	/	22241.863
=	1.23

Aitken Spence (COL:SPEN.N0000) 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.

Aitken Spence Receivables Turnover Related Terms

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Aitken Spence (COL:SPEN.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Aitken Spence PLC (COL:SPEN.N0000) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 315, Vauxhall Street, Aitken Spence Towers II, Colombo, LKA, 02

Website

https://www.aitkenspence.com

Aitken Spence PLC is a Sri Lankan-based conglomerate company. Its segments consist of Tourism, Maritime and Freight Logistics, Strategic Investments, and Services. The tourism segment includes Hotels, destination management, and Airline GSA. Maritime and Freight Logistics segments consist of Maritime and Port Services, Freight Forwarding and Courier, Airline GSA (Cargo), Integrated Logistics, and Education. Strategic Investment includes Power Generation, Apparel Manufacture, Printing and Packaging, and Plantations. The services sector is engaged in Money Transfer Services, Elevator Agencies, Insurance, and Property Management. The company's geographical segments are Sri Lanka, Maldives, and Other Countries.

Aitken Spence (COL:SPEN.N0000) Headlines

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