Futuris Co (Futuris Co) Receivables Turnover : 1.32 (As of Jul. 2020)

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What is Futuris Co 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. Futuris Co's Revenue for the six months ended in Jul. 2020 was $1.04 Mil. Futuris Co's average Accounts Receivable for the six months ended in Jul. 2020 was $0.79 Mil. Hence, Futuris Co's Receivables Turnover for the six months ended in Jul. 2020 was 1.32.

Futuris Co Receivables Turnover Historical Data

The historical data trend for Futuris Co'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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Futuris Co Receivables Turnover Chart

Futuris Co Annual Data

Trend

Mar99

Mar00

Mar01

Mar02

Mar03

Mar04

Jul20

Receivables Turnover

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4.12

0.07

0.20

1.32

Futuris Co Semi-Annual Data
	Mar99	Mar00	Mar01	Mar02	Mar03	Mar04	Jul20
Receivables Turnover	Get a 7-Day Free Trial			4.12	0.07	0.20	-	1.32

Competitive Comparison of Futuris Co's Receivables Turnover

For the Staffing & Employment Services subindustry, Futuris Co'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.

Futuris Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Futuris Co's Receivables Turnover distribution charts can be found below:

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

Futuris Co Receivables Turnover Calculation

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

Futuris Co's Receivables Turnover for the fiscal year that ended in Jul. 2020 is calculated as

	Receivables Turnover (A: Jul. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2020 )	/ (	(Accounts Receivable (A: Mar. 2004 )	+	Accounts Receivable (A: Jul. 2020 ))	/	count )
=	1.042	/ (	(0	+	0.791)	/	1 )
=	1.042	/	0.791
=	1.32

Futuris Co's Receivables Turnover for the quarter that ended in Jul. 2020 is calculated as

	Receivables Turnover (Q: Jul. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2020 )	/ (	(Accounts Receivable (Q: Mar. 2004 )	+	Accounts Receivable (Q: Jul. 2020 ))	/	count )
=	1.042	/ (	(0	+	0.791)	/	1 )
=	1.042	/	0.791
=	1.32

Futuris Co (OTCPK:FTRS) 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.

Futuris Co Receivables Turnover Related Terms

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Futuris Co (Futuris Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Futuris Co (OTCPK:FTRS) » Definitions » Receivables Turnover

Comparable Companies

WAR:HRC NSE:DYNAMIC OSTO:NJOB GXXM BOM:539697 NSE:ACEINTEG XAMS:MORE ASX:HMI LSE:RTC XAMS:DPA

Traded in Other Exchanges

N/A

Address

22 Baltimore Road, Rockville, MD, USA, 20850

Website

https://www.futuris.company

Futuris Co is a Human Capital Management (HCM) company focused on the acquisition and operation of executive search, staffing, and consulting companies that are specialized in professional service verticals such as medical, accounting/finance, information technology, recruitment process outsourcing (RPO), and human resources. The company is committed to building a staffing company through targeted and accretive acquisitions and operational efficiencies.