Field Solutions Holdings (ASX:FSG) Receivables Turnover : 2.28 (As of Dec. 2023)

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What is Field Solutions 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. Field Solutions Holdings's Revenue for the six months ended in Dec. 2023 was A$30.13 Mil. Field Solutions Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$13.21 Mil. Hence, Field Solutions Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.28.

Field Solutions Holdings Receivables Turnover Historical Data

The historical data trend for Field Solutions 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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Field Solutions Holdings Receivables Turnover Chart

Field Solutions Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.56

6.39

5.72

5.97

5.02

Field Solutions Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.24	2.79	2.49	2.57	2.28

Competitive Comparison of Field Solutions Holdings's Receivables Turnover

For the Telecom Services subindustry, Field Solutions 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.

Field Solutions Holdings's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Field Solutions Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Field Solutions Holdings's Receivables Turnover falls into.

Field Solutions Holdings Receivables Turnover Calculation

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

Field Solutions Holdings'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 )
=	55.817	/ (	(9.446	+	12.811)	/	2 )
=	55.817	/	11.1285
=	5.02

Field Solutions 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 )
=	30.126	/ (	(12.811	+	13.599)	/	2 )
=	30.126	/	13.205
=	2.28

Field Solutions Holdings (ASX:FSG) 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.

Field Solutions Holdings Receivables Turnover Related Terms

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Field Solutions Holdings (ASX:FSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Field Solutions Holdings Ltd (ASX:FSG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Narabang Way, Suite 38, Belrose, Sydney, NSW, AUS, 2085

Website

https://www.fieldsolutions-group.com

Field Solutions Holdings Ltd has engaged in the operation of sub-contracted voice-over-internet protocol (VOIP) telephony in Australia. It provides VOIP-based phone services and internet phone services. The Group has one operating segment, telecommunication and infrastructure services being the supply of telecommunication and cloud services and products which are designing, building, and operating telecommunications networks in rural, regional, and remote Australia. It offers its services only in the Australian region.

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