African Equity Empowerment Investments (JSE:AEE) Receivables Turnover : 3.81 (As of Aug. 2023)

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What is African Equity Empowerment Investments 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. African Equity Empowerment Investments's Revenue for the six months ended in Aug. 2023 was R389.6 Mil. African Equity Empowerment Investments's average Accounts Receivable for the six months ended in Aug. 2023 was R102.3 Mil. Hence, African Equity Empowerment Investments's Receivables Turnover for the six months ended in Aug. 2023 was 3.81.

African Equity Empowerment Investments Receivables Turnover Historical Data

The historical data trend for African Equity Empowerment Investments'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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African Equity Empowerment Investments Receivables Turnover Chart

African Equity Empowerment Investments Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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8.63

7.06

5.28

1.47

3.05

African Equity Empowerment Investments Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Receivables Turnover	Get a 7-Day Free Trial															1.80	0.48	0.47	1.20	3.81

Competitive Comparison of African Equity Empowerment Investments's Receivables Turnover

For the Information Technology Services subindustry, African Equity Empowerment Investments'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.

African Equity Empowerment Investments's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, African Equity Empowerment Investments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where African Equity Empowerment Investments's Receivables Turnover falls into.

African Equity Empowerment Investments Receivables Turnover Calculation

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

African Equity Empowerment Investments's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	734.246	/ (	(425.633	+	56.104)	/	2 )
=	734.246	/	240.8685
=	3.05

African Equity Empowerment Investments's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

	Receivables Turnover (Q: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2023 )	/ (	(Accounts Receivable (Q: Feb. 2023 )	+	Accounts Receivable (Q: Aug. 2023 ))	/	count )
=	389.612	/ (	(148.527	+	56.104)	/	2 )
=	389.612	/	102.3155
=	3.81

African Equity Empowerment Investments (JSE:AEE) 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.

African Equity Empowerment Investments Receivables Turnover Related Terms

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African Equity Empowerment Investments (JSE:AEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » African Equity Empowerment Investments Ltd (JSE:AEE) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

3 Dock Road, Victoria & Alfred Waterfront, 1st Floor, Waterway House North, Cape Town, WC, ZAF, 8001

Website

https://www.aeei.co.za

African Equity Empowerment Investments Ltd is a black-owned and black-managed investment holding company. Its segments include Fishing and brands, Technology, Health and beauty, Events and tourism, and Corporate. It generates maximum revenue from the Technology segment. The company exports its products to African countries, India and Europe and the majority of the revenue comes from South Africa.