Toople (LSE:TOOP) Receivables Turnover : 10.04 (As of Mar. 2022)

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What is Toople 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. Toople's Revenue for the six months ended in Mar. 2022 was £1.31 Mil. Toople's average Accounts Receivable for the six months ended in Mar. 2022 was £0.13 Mil. Hence, Toople's Receivables Turnover for the six months ended in Mar. 2022 was 10.04.

Toople Receivables Turnover Historical Data

The historical data trend for Toople'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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Toople Receivables Turnover Chart

Toople Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Receivables Turnover

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47.44

25.95

9.63

12.71

43.67

Toople Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22
Receivables Turnover	Get a 7-Day Free Trial									1.43	2.14	5.93	6.99	10.04

Competitive Comparison of Toople's Receivables Turnover

For the Telecom Services subindustry, Toople'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.

Toople's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Toople's Receivables Turnover distribution charts can be found below:

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

Toople Receivables Turnover Calculation

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

Toople's Receivables Turnover for the fiscal year that ended in Sep. 2021 is calculated as

	Receivables Turnover (A: Sep. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2021 )	/ (	(Accounts Receivable (A: Sep. 2020 )	+	Accounts Receivable (A: Sep. 2021 ))	/	count )
=	3.013	/ (	(0.111	+	0.027)	/	2 )
=	3.013	/	0.069
=	43.67

Toople's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

	Receivables Turnover (Q: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2021 )	+	Accounts Receivable (Q: Mar. 2022 ))	/	count )
=	1.31	/ (	(0.027	+	0.234)	/	2 )
=	1.31	/	0.1305
=	10.04

Toople (LSE:TOOP) 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.

Toople Receivables Turnover Related Terms

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Toople (LSE:TOOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Toople PLC (LSE:TOOP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Nexus Building, P.O. Box 501, Broadway, Letchworth, Hertfordshire, GBR, SG6 9BL

Website

https://www.toople.com

Toople PLC provides telecommunication services in the United Kingdom. The company's services include business broadband, fiber, EFM and Ethernet data services, business mobile phones, cloud PBX and SIP Trunking, and traditional services. It provides business broadband packages such as Toople Broadband ADSL, Toople Fibre Lite FTTC, and Toople Fibre XL. The revenue is derived from the provision of telephony services.

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