Washington H Soul Pattinson (ASX:SOL) Receivables Turnover : 1.43 (As of Jan. 2024)

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What is Washington H Soul Pattinson 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. Washington H Soul Pattinson's Revenue for the six months ended in Jan. 2024 was A$250.9 Mil. Washington H Soul Pattinson's average Accounts Receivable for the six months ended in Jan. 2024 was A$175.0 Mil. Hence, Washington H Soul Pattinson's Receivables Turnover for the six months ended in Jan. 2024 was 1.43.

Washington H Soul Pattinson Receivables Turnover Historical Data

The historical data trend for Washington H Soul Pattinson'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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Washington H Soul Pattinson Receivables Turnover Chart

Washington H Soul Pattinson Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

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18.96

19.29

12.67

20.68

3.28

Washington H Soul Pattinson Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															4.25	5.69	1.15	1.20	1.43

Competitive Comparison of Washington H Soul Pattinson's Receivables Turnover

For the Capital Markets subindustry, Washington H Soul Pattinson'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.

Washington H Soul Pattinson's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Washington H Soul Pattinson's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Washington H Soul Pattinson's Receivables Turnover falls into.

Washington H Soul Pattinson Receivables Turnover Calculation

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

Washington H Soul Pattinson's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	360.993	/ (	(83.061	+	136.884)	/	2 )
=	360.993	/	109.9725
=	3.28

Washington H Soul Pattinson's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	250.93	/ (	(136.884	+	213.119)	/	2 )
=	250.93	/	175.0015
=	1.43

Washington H Soul Pattinson (ASX:SOL) 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.

Washington H Soul Pattinson Receivables Turnover Related Terms

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Washington H Soul Pattinson (ASX:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Washington H Soul Pattinson & Co Ltd (ASX:SOL) » Definitions » Receivables Turnover

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WD3:Germany

Address

151 Clarence Street, Level 14, Sydney, NSW, AUS, 2000

Website

https://www.whsp.com.au

Washington H. Soul Pattinson, or Soul Patts, is a value-oriented investment house which invests in both public and private markets. As an investor, Soul Patts allocates capital with a view to taking a long-term position in its investments and on a passive basis. Long-term holdings in the group's three largest investments—TPG Telecom, Brickworks and New Hope Corporation—contribute more than half of the group's circa AUD 11 billion investment net asset value. A cross-shareholding between Soul Patts and Brickworks was established in the 1960s.