Microlise Group (LSE:SAAS) Receivables Turnover : 2.02 (As of Dec. 2023)

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What is Microlise Group 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. Microlise Group's Revenue for the six months ended in Dec. 2023 was £37.83 Mil. Microlise Group's average Accounts Receivable for the six months ended in Dec. 2023 was £18.77 Mil. Hence, Microlise Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.02.

Microlise Group Receivables Turnover Historical Data

The historical data trend for Microlise Group'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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Microlise Group Receivables Turnover Chart

Microlise Group Annual Data

Trend

Jun19

Jun20

Jun21

Dec22

Dec23

Receivables Turnover

4.62

3.83

3.99

5.18

Microlise Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			1.72	1.63	2.06	1.91	2.02

Competitive Comparison of Microlise Group's Receivables Turnover

For the Software - Application subindustry, Microlise Group'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.

Microlise Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Microlise Group's Receivables Turnover distribution charts can be found below:

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

Microlise Group Receivables Turnover Calculation

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

Microlise Group'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 )
=	71.716	/ (	(12.845	+	14.831)	/	2 )
=	71.716	/	13.838
=	5.18

Microlise Group'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 )
=	37.829	/ (	(22.714	+	14.831)	/	2 )
=	37.829	/	18.7725
=	2.02

Microlise Group (LSE:SAAS) 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.

Microlise Group Receivables Turnover Related Terms

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Microlise Group (LSE:SAAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Microlise Group PLC (LSE:SAAS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

2DI:Germany

Address

Farrington Way, Eastwood, Nottingham, GBR, NG16 3AG

Website

https://www.microlise.com

Microlise Group PLC is a provider of transportation management solutions to enterprise customers. It automates and optimizes critical processes such as scheduling, routing, driver performance monitoring, and resource allocation, while providing valuable, actionable real-time data.