IDOX (LSE:IDOX) Receivables Turnover : 2.35 (As of Oct. 2023)

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What is IDOX 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. IDOX's Revenue for the six months ended in Oct. 2023 was £37.50 Mil. IDOX's average Accounts Receivable for the six months ended in Oct. 2023 was £15.96 Mil. Hence, IDOX's Receivables Turnover for the six months ended in Oct. 2023 was 2.35.

IDOX Receivables Turnover Historical Data

The historical data trend for IDOX'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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IDOX Receivables Turnover Chart

IDOX Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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6.71

6.75

8.58

11.12

10.67

IDOX 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															2.35	2.43	2.49	2.44	2.35

Competitive Comparison of IDOX's Receivables Turnover

For the Software - Application subindustry, IDOX'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.

IDOX's Receivables Turnover Distribution in the Software Industry

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

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

IDOX Receivables Turnover Calculation

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

IDOX's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	73.277	/ (	(5.555	+	8.177)	/	2 )
=	73.277	/	6.866
=	10.67

IDOX'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 )
=	37.496	/ (	(23.734	+	8.177)	/	2 )
=	37.496	/	15.9555
=	2.35

IDOX (LSE:IDOX) 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.

IDOX Receivables Turnover Related Terms

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IDOX (LSE:IDOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IDOX PLC (LSE:IDOX) » Definitions » Receivables Turnover

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IDOX.GB:UK

Address

Forsyth Road, Unit 5, Woking 8, Surrey, GBR, GU21 5SB

Website

https://www.idoxgroup.com

IDOX PLC is a provider of applications to the United Kingdom's local government related to land, people, and property. The company provides public sector companies tools to manage information and knowledge, documents, content, business processes and workflow, and elections management solutions. Its operating segments include Public Sector Software (PSS), Engineering Information Management (EIM). The company generates maximum revenue from the PSS segment. The PSS segment delivers specialist information management solutions and services to the public sector. Geographically, it derives a majority of its revenue from the United Kingdom.

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