Network International Holdings (LSE:NETW) Receivables Turnover : 0.34 (As of Dec. 2023)

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What is Network International Holdings 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. Network International Holdings's Revenue for the six months ended in Dec. 2023 was £198.2 Mil. Network International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was £580.8 Mil. Hence, Network International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 0.34.

Network International Holdings Receivables Turnover Historical Data

The historical data trend for Network International Holdings'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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Network International Holdings Receivables Turnover Chart

Network International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.20

1.18

1.09

1.05

0.90

Network International Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									0.61	0.60	0.65	0.37	0.34

Competitive Comparison of Network International Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, Network International Holdings'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.

Network International Holdings's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Network International Holdings's Receivables Turnover falls into.

Network International Holdings Receivables Turnover Calculation

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

Network International Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	387.204	/ (	(356.368	+	505.282)	/	2 )
=	387.204	/	430.825
=	0.90

Network International Holdings'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 )
=	198.165	/ (	(656.356	+	505.282)	/	2 )
=	198.165	/	580.819
=	0.34

Network International Holdings (LSE:NETW) 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.

Network International Holdings Receivables Turnover Related Terms

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Network International Holdings (LSE:NETW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Network International Holdings PLC (LSE:NETW) » Definitions » Receivables Turnover

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NWITY:USA NETWl:UK

Address

Level 1, Network Building, Al Barsha 2, Dubai, ARE, SW1Y 4LB

Website

https://www.network.ae

Network International Holdings PLC is involved in digital commerce business across the Middle East and Africa region. The company provides a full suite of technology-enabled payment solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services and a comprehensive ever-evolving range of value-added services. Its activities include enabling payment acceptance at merchants, acquirer processing, switching financial transactions, hosting cards, and processing payment transactions, and providing end-to-end management services, and digital payment services.