Beeks Financial Cloud Group (LSE:BKS) Receivables Turnover : 2.91 (As of Dec. 2023)

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What is Beeks Financial Cloud Group 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. Beeks Financial Cloud Group's Revenue for the six months ended in Dec. 2023 was £13.01 Mil. Beeks Financial Cloud Group's average Accounts Receivable for the six months ended in Dec. 2023 was £4.47 Mil. Hence, Beeks Financial Cloud Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.91.

Beeks Financial Cloud Group Receivables Turnover Historical Data

The historical data trend for Beeks Financial Cloud Group'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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Beeks Financial Cloud Group Receivables Turnover Chart

Beeks Financial Cloud Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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14.79

13.50

13.02

19.10

14.68

Beeks Financial Cloud Group Semi-Annual Data
	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												4.01	5.80	2.92	2.94	2.91

Competitive Comparison of Beeks Financial Cloud Group's Receivables Turnover

For the Software - Infrastructure subindustry, Beeks Financial Cloud Group'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.

Beeks Financial Cloud Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Beeks Financial Cloud Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Beeks Financial Cloud Group's Receivables Turnover falls into.

Beeks Financial Cloud Group Receivables Turnover Calculation

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

Beeks Financial Cloud Group's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	22.718	/ (	(0.956	+	2.139)	/	2 )
=	22.718	/	1.5475
=	14.68

Beeks Financial Cloud Group'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	13.005	/ (	(2.139	+	6.794)	/	2 )
=	13.005	/	4.4665
=	2.91

Beeks Financial Cloud Group (LSE:BKS) 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.

Beeks Financial Cloud Group Receivables Turnover Related Terms

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Beeks Financial Cloud Group (LSE:BKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beeks Financial Cloud Group PLC (LSE:BKS) » Definitions » Receivables Turnover

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Address

2 Kings Inch Way, Riverside Building, Renfrew, Renfrew, Renfrewshire, GBR, PA4 8YU

Website

https://www.beeksgroup.com

Beeks Financial Cloud Group PLC is a technology company that provides services like Trading Infrastructure, Managed Cloud, On Demand compute, Connectivity, Analytics and Open Finance to enterprises functioning in capital markets and financial services industry. The operating segments of the company are Public/Private Cloud and Proximity Cloud/Exchange Cloud with the majority of the revenue being generated from the Public/Private Cloud segment. Geographically, the company operates in United Kingdom, Europe, United States and Rest of the world. A substantial portion of its overall revenue is generated from its business in United States.