Pacific Smiles Group (ASX:PSQ) Receivables Turnover : 30.30 (As of Dec. 2023)

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What is Pacific Smiles 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. Pacific Smiles Group's Revenue for the six months ended in Dec. 2023 was A$90.0 Mil. Pacific Smiles Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$3.0 Mil. Hence, Pacific Smiles Group's Receivables Turnover for the six months ended in Dec. 2023 was 30.30.

Pacific Smiles Group Receivables Turnover Historical Data

The historical data trend for Pacific Smiles 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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Pacific Smiles Group Receivables Turnover Chart

Pacific Smiles Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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156.01

162.79

154.78

63.38

58.35

Pacific Smiles Group Semi-Annual Data
	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														33.37	25.52	28.61	30.77	30.30

Competitive Comparison of Pacific Smiles Group's Receivables Turnover

For the Medical Care Facilities subindustry, Pacific Smiles 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.

Pacific Smiles Group's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Pacific Smiles Group's Receivables Turnover distribution charts can be found below:

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

Pacific Smiles Group Receivables Turnover Calculation

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

Pacific Smiles 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 )
=	163.871	/ (	(2.987	+	2.63)	/	2 )
=	163.871	/	2.8085
=	58.35

Pacific Smiles 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 )
=	90.002	/ (	(2.63	+	3.311)	/	2 )
=	90.002	/	2.9705
=	30.30

Pacific Smiles Group (ASX:PSQ) 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.

Pacific Smiles Group Receivables Turnover Related Terms

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Pacific Smiles Group (ASX:PSQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pacific Smiles Group Ltd (ASX:PSQ) » Definitions » Receivables Turnover

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Address

6 Molly Morgan Drive, Level 1, Greenhills, NSW, AUS, 2323

Website

https://www.pacificsmilesdental.com.au

Pacific Smiles Group Ltd engages in the development and operation of dental centers in Eastern Australia. It provides full services surgeries, equipped facilities, materials, marketing, and administrative services to independent dentists. The company generates maximum revenue from Dental services fees.