Fletcher King (LSE:FLK) Receivables Turnover : 1.10 (As of Oct. 2023)

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What is Fletcher King 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. Fletcher King's Revenue for the six months ended in Oct. 2023 was £1.33 Mil. Fletcher King's average Accounts Receivable for the six months ended in Oct. 2023 was £1.20 Mil. Hence, Fletcher King's Receivables Turnover for the six months ended in Oct. 2023 was 1.10.

Fletcher King Receivables Turnover Historical Data

The historical data trend for Fletcher King'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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Fletcher King Receivables Turnover Chart

Fletcher King Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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2.49

2.61

2.97

3.03

2.88

Fletcher King Semi-Annual Data
	Apr14	Oct14	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															1.57	1.70	1.15	1.39	1.10

Competitive Comparison of Fletcher King's Receivables Turnover

For the Real Estate Services subindustry, Fletcher King'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.

Fletcher King's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fletcher King's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fletcher King's Receivables Turnover falls into.

Fletcher King Receivables Turnover Calculation

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

Fletcher King'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 )
=	3.079	/ (	(0.977	+	1.164)	/	2 )
=	3.079	/	1.0705
=	2.88

Fletcher King'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 )
=	1.326	/ (	(1.164	+	1.242)	/	2 )
=	1.326	/	1.203
=	1.10

Fletcher King (LSE:FLK) 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.

Fletcher King Receivables Turnover Related Terms

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Fletcher King (LSE:FLK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fletcher King PLC (LSE:FLK) » Definitions » Receivables Turnover

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Traded in Other Exchanges

FLK.GB:UK

Address

19-20 Great Pulteney Street, Soho, London, GBR, W1F 9NF

Website

https://www.fletcherking.co.uk

Fletcher King PLC is a property fund management company. The company along with its subsidiaries provides a comprehensive range of property services and advice including property fund management, property asset management, rating, valuations, and investment broking throughout the United Kingdom. The group is organized into one operating segment which is General Services. It generates the majority of its revenue from the UK.

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