Newmark Security (LSE:NWT) Receivables Turnover : 2.52 (As of Oct. 2023)

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What is Newmark 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. Newmark Security's Revenue for the six months ended in Oct. 2023 was £10.37 Mil. Newmark Security's average Accounts Receivable for the six months ended in Oct. 2023 was £4.12 Mil. Hence, Newmark Security's Receivables Turnover for the six months ended in Oct. 2023 was 2.52.

Newmark Security Receivables Turnover Historical Data

The historical data trend for Newmark 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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Newmark Security Receivables Turnover Chart

Newmark Security Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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8.32

6.17

5.77

6.97

5.99

Newmark Security 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															2.92	2.61	2.82	2.35	2.52

Competitive Comparison of Newmark Security's Receivables Turnover

For the Security & Protection Services subindustry, Newmark 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.

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

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

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

Newmark Security Receivables Turnover Calculation

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

Newmark Security's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	20.314	/ (	(3.04	+	3.737)	/	2 )
=	20.314	/	3.3885
=	5.99

Newmark Security'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 )
=	10.366	/ (	(3.737	+	4.506)	/	2 )
=	10.366	/	4.1215
=	2.52

Newmark Security (LSE:NWT) 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.

Newmark Security Receivables Turnover Related Terms

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Newmark Security (LSE:NWT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Newmark Security PLC (LSE:NWT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NN10:Germany

Address

91 Wimpole Street, London, GBR, W1G 0EF

Website

http://www.newmarksecurity.com

Newmark Security PLC is a UK-based security solutions provider. The company operates in the People and Data Management division involved in the design, manufacture, and distribution of access control systems and the design, manufacture, and distribution of HCM hardware only, for time-and-attendance, shop-floor data collection, and access control systems. The physical Security Solutions division is involved in the design, manufacture, installation, and maintenance of fixed and reactive security screens, reception counters, cash management systems, and associated security equipment. The company operates in the UK and derives the majority of its revenues from the People and Data Management division.

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