AVADA Group (ASX:AVD) Receivables Turnover : 3.94 (As of Dec. 2023)

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What is AVADA Group 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. AVADA Group's Revenue for the six months ended in Dec. 2023 was A$101.6 Mil. AVADA Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$25.8 Mil. Hence, AVADA Group's Receivables Turnover for the six months ended in Dec. 2023 was 3.94.

AVADA Group Receivables Turnover Historical Data

The historical data trend for AVADA Group'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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AVADA Group Receivables Turnover Chart

AVADA Group Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

4.75

8.38

AVADA Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	0.21	4.67	4.36	3.79	3.94

Competitive Comparison of AVADA Group's Receivables Turnover

For the Infrastructure Operations subindustry, AVADA Group'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.

AVADA Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, AVADA Group's Receivables Turnover distribution charts can be found below:

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

AVADA Group Receivables Turnover Calculation

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

AVADA Group's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	177.002	/ (	(16.133	+	26.132)	/	2 )
=	177.002	/	21.1325
=	8.38

AVADA Group'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 )
=	101.633	/ (	(26.132	+	25.431)	/	2 )
=	101.633	/	25.7815
=	3.94

AVADA Group (ASX:AVD) 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.

AVADA Group Receivables Turnover Related Terms

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AVADA Group (ASX:AVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AVADA Group Ltd (ASX:AVD) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

116 Ipswich Road, Suite 1, Level 2, Woolloongabba, QLD, AUS, 4102

Website

https://www.avadagroup.com.au

AVADA Group Ltd is an Australian traffic management operator and ancillary service provider with an established network throughout Queensland and New South Wales. The group has two reportable segments: Queensland Traffic Management and New South Wales Traffic Management. Queensland Traffic Management is the key revenue generator for the group. It provides services to government clients and major contractors in the civil infrastructure and maintenance sector.