Calnex Solutions (LSE:CLX) Receivables Turnover : 3.01 (As of Mar. 2024)

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What is Calnex Solutions 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. Calnex Solutions's Revenue for the six months ended in Mar. 2024 was £8.43 Mil. Calnex Solutions's average Accounts Receivable for the six months ended in Mar. 2024 was £2.80 Mil. Hence, Calnex Solutions's Receivables Turnover for the six months ended in Mar. 2024 was 3.01.

Calnex Solutions Receivables Turnover Historical Data

The historical data trend for Calnex Solutions'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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Calnex Solutions Receivables Turnover Chart

Calnex Solutions Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.65

12.25

8.63

8.16

5.89

Calnex Solutions Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							4.52	2.72	3.75	2.97	3.01

Competitive Comparison of Calnex Solutions's Receivables Turnover

For the Communication Equipment subindustry, Calnex Solutions'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.

Calnex Solutions's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Calnex Solutions's Receivables Turnover distribution charts can be found below:

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

Calnex Solutions Receivables Turnover Calculation

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

Calnex Solutions's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	16.274	/ (	(2.605	+	2.922)	/	2 )
=	16.274	/	2.7635
=	5.89

Calnex Solutions's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	8.427	/ (	(2.675	+	2.922)	/	2 )
=	8.427	/	2.7985
=	3.01

Calnex Solutions (LSE:CLX) 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.

Calnex Solutions Receivables Turnover Related Terms

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Calnex Solutions (LSE:CLX) Business Description

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CSO:Germany CSO:Germany

Address

Oracle Campus, Linlithgow, West Lothian, GBR, EH49 7LR

Website

https://www.calnexsol.com

Calnex Solutions PLC is a provider of test and measurement solutions for the telecommunications sector. It designs, produces, and markets test instrumentation and solutions for network synchronization and network emulation. The company offers its equipment to network operators, network providers, systems suppliers, laboratories, and network infrastructures.