Accrol Group Holdings (LSE:ACRL) Receivables Turnover : 3.55 (As of Oct. 2023)

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What is Accrol Group Holdings 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. Accrol Group Holdings's Revenue for the six months ended in Oct. 2023 was £100.3 Mil. Accrol Group Holdings's average Accounts Receivable for the six months ended in Oct. 2023 was £28.2 Mil. Hence, Accrol Group Holdings's Receivables Turnover for the six months ended in Oct. 2023 was 3.55.

Accrol Group Holdings Receivables Turnover Historical Data

The historical data trend for Accrol Group Holdings'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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Accrol Group Holdings Receivables Turnover Chart

Accrol Group Holdings Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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4.88

7.11

6.80

6.39

9.09

Accrol Group Holdings Semi-Annual Data
	Apr13	Apr14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Receivables Turnover	Get a 7-Day Free Trial															3.09	3.35	4.14	4.14	3.55

Competitive Comparison of Accrol Group Holdings's Receivables Turnover

For the Household & Personal Products subindustry, Accrol Group Holdings'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.

Accrol Group Holdings's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Accrol Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Accrol Group Holdings's Receivables Turnover falls into.

Accrol Group Holdings Receivables Turnover Calculation

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

Accrol Group Holdings's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	241.9	/ (	(26.659	+	26.561)	/	2 )
=	241.9	/	26.61
=	9.09

Accrol Group Holdings's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	100.316	/ (	(26.561	+	29.895)	/	2 )
=	100.316	/	28.228
=	3.55

Accrol Group Holdings (LSE:ACRL) 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.

Accrol Group Holdings Receivables Turnover Related Terms

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Accrol Group Holdings (LSE:ACRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Accrol Group Holdings PLC (LSE:ACRL) » Definitions » Receivables Turnover

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0AE:Germany

Address

Roman Road, Delta Building, Blackburn, Lancashire, GBR, BB1 2LD

Website

https://www.accrol.co.uk

Accrol Group Holdings PLC manufactures soft tissue products. Its products are away from home, toilet rolls, kitchen towels, and facial tissues. The company supplies its products to retailers in the household sector and national distributors away from the home sector. The firm's production facility is in Lancashire. Its geographical segments are the United Kingdom and Europe. The company derives most of its revenues from the United Kingdom segment. It has developed and promoted brands such as Handy, Mega, Mighty and Thirsty bubbles, Softy, Sofcell, and envirosoft.

Accrol Group Holdings (LSE:ACRL) Headlines

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