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FLTCF (Filtronic) Receivables Turnover : 3.45 (As of May. 2024)


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What is Filtronic 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. Filtronic's Revenue for the six months ended in May. 2024 was $21.43 Mil. Filtronic's average Accounts Receivable for the six months ended in May. 2024 was $6.22 Mil. Hence, Filtronic's Receivables Turnover for the six months ended in May. 2024 was 3.45.


Filtronic Receivables Turnover Historical Data

The historical data trend for Filtronic'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.

* Premium members only.

Filtronic Receivables Turnover Chart

Filtronic Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.15 4.89 5.16 4.14 5.26

Filtronic Semi-Annual Data
Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.27 1.96 1.78 1.90 3.45

Competitive Comparison of Filtronic's Receivables Turnover

For the Communication Equipment subindustry, Filtronic'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.


Filtronic's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Filtronic's Receivables Turnover distribution charts can be found below:

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



Filtronic Receivables Turnover Calculation

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

Filtronic's Receivables Turnover for the fiscal year that ended in May. 2024 is calculated as

Receivables Turnover (A: May. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: May. 2024 ) / ((Accounts Receivable (A: May. 2023 ) + Accounts Receivable (A: May. 2024 )) / count )
=32.152 / ((5.432 + 6.785) / 2 )
=32.152 / 6.1085
=5.26

Filtronic's Receivables Turnover for the quarter that ended in May. 2024 is calculated as

Receivables Turnover (Q: May. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: May. 2024 ) / ((Accounts Receivable (Q: Nov. 2023 ) + Accounts Receivable (Q: May. 2024 )) / count )
=21.431 / ((5.653 + 6.785) / 2 )
=21.431 / 6.219
=3.45

* 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.


Filtronic  (OTCPK:FLTCF) 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.


Filtronic Receivables Turnover Related Terms

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Filtronic Business Description

Traded in Other Exchanges
Address
Thomas Wright Way, Plexus 1, NETPark, Sedgefield, Durham, GBR, TS21 3FD
Filtronic PLC designs and manufactures a broad range of customized RF, microwave, and millimeter-wave components and subsystems. Its products are used in mobile wireless communication equipment, point-to-point communication systems, and adjacent defense sectors. Its customer base includes international original equipment manufacturers as well as a wide range of mobile phone network operators. It has operations in the United Kingdom, Europe, Americas, and the Rest of the world.

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