IG Group Holdings (LSE:IGG) Receivables Turnover : 0.72 (As of Nov. 2023)

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What is IG Group 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. IG Group Holdings's Revenue for the six months ended in Nov. 2023 was £406.4 Mil. IG Group Holdings's average Accounts Receivable for the six months ended in Nov. 2023 was £563.5 Mil. Hence, IG Group Holdings's Receivables Turnover for the six months ended in Nov. 2023 was 0.72.

IG Group Holdings Receivables Turnover Historical Data

The historical data trend for IG Group 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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IG Group Holdings Receivables Turnover Chart

IG Group Holdings Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Receivables Turnover

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1.43

2.03

2.02

2.04

1.83

IG Group Holdings Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Receivables Turnover	Get a 7-Day Free Trial															0.79	0.86	1.09	0.88	0.72

Competitive Comparison of IG Group Holdings's Receivables Turnover

For the Capital Markets subindustry, IG Group 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.

IG Group Holdings's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IG Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where IG Group Holdings's Receivables Turnover falls into.

IG Group Holdings Receivables Turnover Calculation

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

IG Group Holdings's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	949.7	/ (	(469.5	+	570.4)	/	2 )
=	949.7	/	519.95
=	1.83

IG Group Holdings's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: May. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	406.4	/ (	(570.4	+	556.6)	/	2 )
=	406.4	/	563.5
=	0.72

IG Group Holdings (LSE:IGG) 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.

IG Group Holdings Receivables Turnover Related Terms

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IG Group Holdings (LSE:IGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IG Group Holdings PLC (LSE:IGG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IGGRF:USA IGGHY:USA IGGl:UK I5G:Germany

Address

Cannon Bridge House, 25 Dowgate Hill, London, GBR, EC4R 2YA

Website

https://www.iggroup.com

IG Group Holdings PLC provides online trading services to its clients. The majority of the company's revenue stems from its derivative products and contracts for difference (CFDs). The company operates through various segments which are The U.K. segment which derives its revenue from financial spread bets, CFDs, binary options, and execution-only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The European segment derives its revenue from CFDs, binary options, and execution-only stockbroking. The Rest of the World segment derives its revenue from the operation of a regulated futures and options exchange as well as CFDs and binary options. The company generates more than half of its revenue from the U.K., followed by Europe and Australia.

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