Ashtead Group (LSE:AHT) Receivables Turnover : 1.30 (As of Jan. 2024)

View and export this data going back to 1990. Start your Free Trial

What is Ashtead 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. Ashtead Group's Revenue for the three months ended in Jan. 2024 was £2,092 Mil. Ashtead Group's average Accounts Receivable for the three months ended in Jan. 2024 was £1,614 Mil. Hence, Ashtead Group's Receivables Turnover for the three months ended in Jan. 2024 was 1.30.

Ashtead Group Receivables Turnover Historical Data

The historical data trend for Ashtead 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.

* Premium members only.

Ashtead Group Receivables Turnover Chart

Ashtead Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

Get a 7-Day Free Trial

7.20

6.63

6.37

7.80

7.69

Ashtead Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.31	1.54	1.62	1.51	1.30

Competitive Comparison of Ashtead Group's Receivables Turnover

For the Rental & Leasing Services subindustry, Ashtead 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.

Ashtead Group's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ashtead Group's Receivables Turnover distribution charts can be found below:

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

Ashtead Group Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	7762.842	/ (	(907.502	+	1111.994)	/	2 )
=	7762.842	/	1009.748
=	7.69

Ashtead Group'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: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	2091.689	/ (	(1648.075	+	1579.666)	/	2 )
=	2091.689	/	1613.8705
=	1.30

Ashtead Group (LSE:AHT) 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.

Ashtead Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Ashtead Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ashtead Group (LSE:AHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (LSE:AHT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ASHTY:USA ASHTF:USA AHTl:UK 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the U.S., Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.