Accsys Technologies (Accsys Technologies) Receivables Turnover : 5.07 (As of Sep. 2023)

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What is Accsys Technologies 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. Accsys Technologies's Revenue for the six months ended in Sep. 2023 was $76.0 Mil. Accsys Technologies's average Accounts Receivable for the six months ended in Sep. 2023 was $15.0 Mil. Hence, Accsys Technologies's Receivables Turnover for the six months ended in Sep. 2023 was 5.07.

Accsys Technologies Receivables Turnover Historical Data

The historical data trend for Accsys Technologies'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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Accsys Technologies Receivables Turnover Chart

Accsys Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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8.35

9.61

11.20

10.16

11.60

Accsys Technologies Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															5.00	4.87	4.53	8.29	5.07

Competitive Comparison of Accsys Technologies's Receivables Turnover

For the Lumber & Wood Production subindustry, Accsys Technologies'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.

Accsys Technologies's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Accsys Technologies's Receivables Turnover distribution charts can be found below:

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

Accsys Technologies Receivables Turnover Calculation

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

Accsys Technologies's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	173.467	/ (	(14.496	+	15.415)	/	2 )
=	173.467	/	14.9555
=	11.60

Accsys Technologies'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 )
=	75.995	/ (	(15.415	+	14.56)	/	2 )
=	75.995	/	14.9875
=	5.07

Accsys Technologies (OTCPK:ACSYF) 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.

Accsys Technologies Receivables Turnover Related Terms

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Accsys Technologies (Accsys Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Accsys Technologies PLC (OTCPK:ACSYF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AXS:Netherlands AXSa:UK AXS.GB:UK AXS:UK 1D8:Germany

Address

3 Moorgate Place, 4th floor, London, GBR, EC2R 6EA

Website

https://www.accsysplc.com

Accsys Technologies PLC is a chemical technology company focused on acetylation of wood. It is engaged in the development, commercialisation, and licensing of the associated proprietary technologies. Its product includes Accoya and Tricoya wood. The company offers Accoya wood for use in external doors, cladding/siding, decking, structural and civil engineering projects and Tricoya wood elements are used in window and door components, door skins, wet interiors, and wall linings. It generates maximum revenue through the sale of Accoya Woods. The maximum geographical areas of customers are from the UK and Ireland region.

Accsys Technologies (Accsys Technologies) Headlines

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