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London Security (LSE:LSC) Receivables Turnover : 2.73 (As of Dec. 2023)


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What is London Security 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. London Security's Revenue for the six months ended in Dec. 2023 was £110.9 Mil. London Security's average Accounts Receivable for the six months ended in Dec. 2023 was £40.7 Mil. Hence, London Security's Receivables Turnover for the six months ended in Dec. 2023 was 2.73.


London Security Receivables Turnover Historical Data

The historical data trend for London Security'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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London Security Receivables Turnover Chart

London Security Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.89 5.62 5.68 5.82 6.00

London Security Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.82 2.65 2.73 2.73 2.73

Competitive Comparison of London Security's Receivables Turnover

For the Security & Protection Services subindustry, London Security'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.


London Security's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, London Security's Receivables Turnover distribution charts can be found below:

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



London Security Receivables Turnover Calculation

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

London Security'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 )
=219.705 / ((35.772 + 37.454) / 2 )
=219.705 / 36.613
=6.00

London Security'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 )
=110.86 / ((43.907 + 37.454) / 2 )
=110.86 / 40.6805
=2.73

* 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.


London Security  (LSE:LSC) 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.


London Security Receivables Turnover Related Terms

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London Security (LSE:LSC) Business Description

Traded in Other Exchanges
N/A
Address
2 Jubilee Way, Premier House, Elland, West Yorkshire, GBR, HX5 9DY
London Security PLC is an investment holding company that provides fire protection services and products. The business activity of the group functions through the United Kingdom, Belgium, the Netherlands, Austria, France, Germany, Denmark and Luxembourg. It derives revenue from the Outright sale of equipment, Maintenance, service, installation and Equipment rental activity. The company products are marketed under Nu-Swift, Ansul, Total; and Premier and Master brand names. The group operates in a single segment being g the provision and maintenance of fire protection and security equipment in Europe.

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