Webjet (ASX:WEB) Receivables Turnover : 0.94 (As of Mar. 2024)

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What is Webjet 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. Webjet's Revenue for the six months ended in Mar. 2024 was A$226.9 Mil. Webjet's average Accounts Receivable for the six months ended in Mar. 2024 was A$241.9 Mil. Hence, Webjet's Receivables Turnover for the six months ended in Mar. 2024 was 0.94.

Webjet Receivables Turnover Historical Data

The historical data trend for Webjet'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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Webjet Receivables Turnover Chart

Webjet Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Mar22

Mar23

Mar24

Receivables Turnover

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1.19

1.33

1.84

2.76

2.41

Webjet Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.91	1.04	0.93	1.15	0.94

Competitive Comparison of Webjet's Receivables Turnover

For the Travel Services subindustry, Webjet'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.

Webjet's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Webjet's Receivables Turnover distribution charts can be found below:

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

Webjet Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	471.3	/ (	(165.7	+	225.1)	/	2 )
=	471.3	/	195.4
=	2.41

Webjet's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	226.9	/ (	(258.6	+	225.1)	/	2 )
=	226.9	/	241.85
=	0.94

Webjet (ASX:WEB) 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.

Webjet Receivables Turnover Related Terms

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Webjet (ASX:WEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Webjet Ltd (ASX:WEB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

WBJ:Germany

Address

509 St Kilda Road, Level 2, Melbourne, VIC, AUS, 3004

Website

https://www.webjetlimited.com

Webjet provides online travel bookings across Europe, Asia Pacific, the Middle East, and Africa. The group operates in both the business to consumer, or B2C, and business to business, or B2B, segments. The B2B business, WebBeds, acts as an intermediary between hotels and wholesale/retail travel service providers. WebBeds is currently the world's second largest B2B accommodation booking provider despite only a circa 4% market share of the fragmented AUD 70 billion global B2B accommodation market. The company's B2C units, Webjet Online Travel Agent, or OTA, and GoSee allow retail customers to book flights, hotel accommodation, holiday packages, travel insurance, rental cars and caravans online.