Avon Protection (LSE:AVON) Receivables Turnover : 2.55 (As of Mar. 2024)

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What is Avon Protection 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. Avon Protection's Revenue for the six months ended in Mar. 2024 was £100.0 Mil. Avon Protection's average Accounts Receivable for the six months ended in Mar. 2024 was £39.3 Mil. Hence, Avon Protection's Receivables Turnover for the six months ended in Mar. 2024 was 2.55.

Avon Protection Receivables Turnover Historical Data

The historical data trend for Avon Protection'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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Avon Protection Receivables Turnover Chart

Avon Protection Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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4.30

5.77

7.14

9.00

5.92

Avon Protection Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.40	5.13	3.24	3.18	2.55

Competitive Comparison of Avon Protection's Receivables Turnover

For the Aerospace & Defense subindustry, Avon Protection'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.

Avon Protection's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Avon Protection's Receivables Turnover distribution charts can be found below:

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

Avon Protection Receivables Turnover Calculation

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

Avon Protection's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	196.99	/ (	(23.046	+	43.551)	/	2 )
=	196.99	/	33.2985
=	5.92

Avon Protection's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	100.028	/ (	(43.551	+	35.021)	/	2 )
=	100.028	/	39.286
=	2.55

Avon Protection (LSE:AVON) 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.

Avon Protection Receivables Turnover Related Terms

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Avon Protection (LSE:AVON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Avon Protection PLC (LSE:AVON) » Definitions » Receivables Turnover

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AVNBF:USA AVONl:UK AVON.GB:UK 1OK:Germany

Address

Semington Road, Hampton Park West, Melksham, Wiltshire, GBR, SN12 6NB

Website

https://www.avon-protection-plc.com

Avon Protection PLC is engaged in providing technology that designs and produces life-critical personal protection systems to maximize the performance and capabilities of its customers. The company's portfolio of life-critical protection solutions includes full-face respirators, ballistic helmets, escape hoods, SCBA systems, modular PAPR units, thermal imaging cameras, and underwater equipment for the world's militaries and first responders. The company has two operating and reportable segments, these being Respiratory Protection; which is the key revenue generating segment and the Head Protection. Geographically, the revenue is generated from United States which is the key revenue generating market and Europe.

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