XRF Scientific (XRF Scientific) Receivables Turnover : 3.39 (As of Dec. 2023)

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What is XRF Scientific 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. XRF Scientific's Revenue for the six months ended in Dec. 2023 was $19.05 Mil. XRF Scientific's average Accounts Receivable for the six months ended in Dec. 2023 was $5.62 Mil. Hence, XRF Scientific's Receivables Turnover for the six months ended in Dec. 2023 was 3.39.

XRF Scientific Receivables Turnover Historical Data

The historical data trend for XRF Scientific'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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XRF Scientific Receivables Turnover Chart

XRF Scientific Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.87

7.51

7.98

7.18

7.25

XRF Scientific Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.83	3.81	3.66	3.32	3.39

Competitive Comparison of XRF Scientific's Receivables Turnover

For the Chemicals subindustry, XRF Scientific'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.

XRF Scientific's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, XRF Scientific's Receivables Turnover distribution charts can be found below:

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

XRF Scientific Receivables Turnover Calculation

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

XRF Scientific's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	37.03	/ (	(4.415	+	5.803)	/	2 )
=	37.03	/	5.109
=	7.25

XRF Scientific'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 )
=	19.046	/ (	(5.803	+	5.43)	/	2 )
=	19.046	/	5.6165
=	3.39

XRF Scientific (OTCPK:XRFSF) 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.

XRF Scientific Receivables Turnover Related Terms

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XRF Scientific (XRF Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » XRF Scientific Ltd (OTCPK:XRFSF) » Definitions » Receivables Turnover

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XRF:Australia

Address

86 Guthrie Street, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.xrfscientific.com

XRF Scientific Ltd is engaged in the business of manufacturing and marketing precious metal products, specialized chemicals and instruments for the scientific, analytical and mining industries. It operates through the following segments: Capital Equipment, Precious Metals, and Consumables. The company generates maximum revenue from the Consumables segment, which manufactures chemicals and other supplies for analytical laboratories. Geographically, it derives a majority of revenue from Australia and also has a presence in Canada and Europe. Some of its product includes Electric Fusion Machines; Fusion Flux; Crushing and Pulverising, platinum lab ware and others.

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