Daniel Thwaites (AQSE:THW) Receivables Turnover : 11.06 (As of Sep. 2023)

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What is Daniel Thwaites 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. Daniel Thwaites's Revenue for the six months ended in Sep. 2023 was £60.3 Mil. Daniel Thwaites's average Accounts Receivable for the six months ended in Sep. 2023 was £5.5 Mil. Hence, Daniel Thwaites's Receivables Turnover for the six months ended in Sep. 2023 was 11.06.

Daniel Thwaites Receivables Turnover Historical Data

The historical data trend for Daniel Thwaites'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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Daniel Thwaites Receivables Turnover Chart

Daniel Thwaites Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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21.78

23.93

11.10

35.56

31.54

Daniel Thwaites 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															7.53	6.94	10.25	8.78	11.06

Competitive Comparison of Daniel Thwaites's Receivables Turnover

For the Lodging subindustry, Daniel Thwaites'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.

Daniel Thwaites's Receivables Turnover Distribution in the Travel & Leisure Industry

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

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

Daniel Thwaites Receivables Turnover Calculation

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

Daniel Thwaites'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 )
=	108.8	/ (	(3.3	+	3.6)	/	2 )
=	108.8	/	3.45
=	31.54

Daniel Thwaites'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 )
=	60.3	/ (	(3.6	+	7.3)	/	2 )
=	60.3	/	5.45
=	11.06

Daniel Thwaites (AQSE:THW) 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.

Daniel Thwaites Receivables Turnover Related Terms

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Daniel Thwaites (AQSE:THW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Daniel Thwaites PLC (AQSE:THW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Myerscough Road, Mellor Brook, Blackburn, Lancashire, GBR, BB2 7LB

Website

https://www.thwaites.co.uk

Daniel Thwaites PLC operates pubs, inns, and hotels. The company's operations include hotels, conference venues, inns, spas, lodges, and pubs. It has two operating segments namely Pubs and Inns and Hotels of which it generates maximum revenue from the Pubs and Inns segment. Revenue principally consists of food, drink and accommodation sales.