Mattioli Woods (LSE:MTW) Receivables Turnover : 3.07 (As of Nov. 2023)

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What is Mattioli Woods 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. Mattioli Woods's Revenue for the six months ended in Nov. 2023 was £59.1 Mil. Mattioli Woods's average Accounts Receivable for the six months ended in Nov. 2023 was £19.3 Mil. Hence, Mattioli Woods's Receivables Turnover for the six months ended in Nov. 2023 was 3.07.

Mattioli Woods Receivables Turnover Historical Data

The historical data trend for Mattioli Woods'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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Mattioli Woods Receivables Turnover Chart

Mattioli Woods Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Receivables Turnover

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5.34

11.72

13.37

12.01

Mattioli Woods 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															3.15	3.11	2.92	3.30	3.07

Competitive Comparison of Mattioli Woods's Receivables Turnover

For the Asset Management subindustry, Mattioli Woods'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.

Mattioli Woods's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mattioli Woods's Receivables Turnover distribution charts can be found below:

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

Mattioli Woods Receivables Turnover Calculation

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

Mattioli Woods'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 )
=	111.182	/ (	(11	+	7.522)	/	2 )
=	111.182	/	9.261
=	12.01

Mattioli Woods'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 )
=	59.132	/ (	(7.522	+	31.028)	/	2 )
=	59.132	/	19.275
=	3.07

Mattioli Woods (LSE:MTW) 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.

Mattioli Woods Receivables Turnover Related Terms

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Mattioli Woods (LSE:MTW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mattioli Woods PLC (LSE:MTW) » Definitions » Receivables Turnover

Comparable Companies

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N/A

Address

1 New Walk Place, Leicester, GBR, LE1 6RU

Website

https://www.mattioliwoods.com

Mattioli Woods PLC is a UK-based company that is engaged in providing wealth management and employee benefit services. The company's operating segments include Pension consultancy and administration; Investment and asset management; Property management; and Employee benefits. It generates maximum revenue from the Investment and asset management segment. Investment and asset management income generated is from the management and placing of investments on behalf of clients.