ReadCloud (ASX:RCL) Receivables Turnover : 1.08 (As of Sep. 2023)

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What is ReadCloud 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. ReadCloud's Revenue for the six months ended in Sep. 2023 was A$2.08 Mil. ReadCloud's average Accounts Receivable for the six months ended in Sep. 2023 was A$1.92 Mil. Hence, ReadCloud's Receivables Turnover for the six months ended in Sep. 2023 was 1.08.

ReadCloud Receivables Turnover Historical Data

The historical data trend for ReadCloud'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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ReadCloud Receivables Turnover Chart

ReadCloud Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Sep22

Sep23

Receivables Turnover

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35.67

56.32

21.44

17.85

16.53

ReadCloud Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial						2.14	5.16	-	4.81	1.08

Competitive Comparison of ReadCloud's Receivables Turnover

For the Software - Application subindustry, ReadCloud'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.

ReadCloud's Receivables Turnover Distribution in the Software Industry

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

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

ReadCloud Receivables Turnover Calculation

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

ReadCloud's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	10.349	/ (	(0.428	+	0.824)	/	2 )
=	10.349	/	0.626
=	16.53

ReadCloud's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	2.079	/ (	(3.012	+	0.824)	/	2 )
=	2.079	/	1.918
=	1.08

ReadCloud (ASX:RCL) 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.

ReadCloud Receivables Turnover Related Terms

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ReadCloud (ASX:RCL) Business Description

Industry

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Address

126 Church Street, Level 1, Brighton, VIC, AUS, 3186

Website

https://www.readcloud.com

ReadCloud Ltd is an education technology company that offers digital e-learning solutions to secondary schools. The firm operates in two segments: eBook solutions, which is the key revenue driver, and Vocational Education and Training (VET). It provides software solutions, including eBooks, to schools within Australia. In addition, it also provides digital VET course materials and services to schools through its subsidiary Australian Institute of Education and Training Unit Trust, PKY Media Pty Ltd and Ripponlea Institute Pty Ltd, which offers over 40 VET courses and services to schools across Australia.