Engage XR Holdings (LSE:EXR) Receivables Turnover : 1.59 (As of Dec. 2023)

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What is Engage XR 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. Engage XR Holdings's Revenue for the six months ended in Dec. 2023 was £1.39 Mil. Engage XR Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was £0.88 Mil. Hence, Engage XR Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 1.59.

Engage XR Holdings Receivables Turnover Historical Data

The historical data trend for Engage XR 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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Engage XR Holdings Receivables Turnover Chart

Engage XR Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.05

9.40

8.57

8.35

6.42

Engage XR Holdings Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								2.28	2.40	2.60	2.07	1.59

Competitive Comparison of Engage XR Holdings's Receivables Turnover

For the Software - Application subindustry, Engage XR 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.

Engage XR Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Engage XR Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Engage XR Holdings's Receivables Turnover falls into.

Engage XR Holdings Receivables Turnover Calculation

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

Engage XR Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	3.18	/ (	(0.481	+	0.51)	/	2 )
=	3.18	/	0.4955
=	6.42

Engage XR Holdings'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 )
=	1.392	/ (	(1.24	+	0.51)	/	2 )
=	1.392	/	0.875
=	1.59

Engage XR Holdings (LSE:EXR) 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.

Engage XR Holdings Receivables Turnover Related Terms

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Engage XR Holdings (LSE:EXR) Business Description

Industry

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6VR:Germany

Address

Old Kilmeaden Road, Unit 9 Cleaboy Business Park, Waterford, IRL, X91 AX83

Website

https://www.engagevr.io

Engage XR Holdings PLC operates as a virtual reality software and technology company in Ireland. It is engaged in the development of the educational Virtual Reality platform - ENGAGE. The company also develops and sells online virtual social learning and presentation platforms for creating, sharing, and delivering proprietary and third-party VR content for educational and corporate training purposes. Its products include ENGAGE platform, 1943 Berlin Blitz, Titanic VR, Apollo 11 VR, and RCSI medical training app.