Nexus Infrastructure (LSE:NEXS) Receivables Turnover : 1.08 (As of Mar. 2024)

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What is Nexus Infrastructure 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. Nexus Infrastructure's Revenue for the six months ended in Mar. 2024 was £25.84 Mil. Nexus Infrastructure's average Accounts Receivable for the six months ended in Mar. 2024 was £23.94 Mil. Hence, Nexus Infrastructure's Receivables Turnover for the six months ended in Mar. 2024 was 1.08.

Nexus Infrastructure Receivables Turnover Historical Data

The historical data trend for Nexus Infrastructure'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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Nexus Infrastructure Receivables Turnover Chart

Nexus Infrastructure Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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4.42

3.47

2.17

3.03

3.40

Nexus Infrastructure Semi-Annual Data
	Sep14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														1.18	1.44	1.68	1.37	1.08

Competitive Comparison of Nexus Infrastructure's Receivables Turnover

For the Engineering & Construction subindustry, Nexus Infrastructure'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.

Nexus Infrastructure's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Nexus Infrastructure's Receivables Turnover distribution charts can be found below:

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

Nexus Infrastructure Receivables Turnover Calculation

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

Nexus Infrastructure's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	88.691	/ (	(28.906	+	23.272)	/	2 )
=	88.691	/	26.089
=	3.40

Nexus Infrastructure's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	25.838	/ (	(23.272	+	24.602)	/	2 )
=	25.838	/	23.937
=	1.08

Nexus Infrastructure (LSE:NEXS) 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.

Nexus Infrastructure Receivables Turnover Related Terms

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Nexus Infrastructure (LSE:NEXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nexus Infrastructure PLC (LSE:NEXS) » Definitions » Receivables Turnover

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Address

Nexus Park, Avenue East, Skyline 120, Great Notley, Braintree, Essex, GBR, CM77 7AL

Website

https://www.nexus-infrastructure.com

Nexus Infrastructure PLC engages in the provision of infrastructure services in the house-building and commercial sectors in the United Kingdom. The Group business includes Tamdown, a Civil Engineering business, that provides a range of civil engineering and infrastructure services to the UK housebuilding sector. These services include earthworks, building highways, substructures, and basements, and installing sustainable drainage systems. It operates in the South East of England and London.