Driver Group (LSE:DRV) Receivables Turnover : 1.30 (As of Sep. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Driver 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. Driver Group's Revenue for the six months ended in Sep. 2023 was £18.41 Mil. Driver Group's average Accounts Receivable for the six months ended in Sep. 2023 was £14.14 Mil. Hence, Driver Group's Receivables Turnover for the six months ended in Sep. 2023 was 1.30.

Driver Group Receivables Turnover Historical Data

The historical data trend for Driver 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.

Driver Group Receivables Turnover Chart

Driver Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

Get a 7-Day Free Trial

3.42

3.29

2.85

2.95

Driver Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.46	1.37	1.11	1.48	1.30

Competitive Comparison of Driver Group's Receivables Turnover

For the Consulting Services subindustry, Driver 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.

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

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

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

Driver Group Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	42.633	/ (	(16.699	+	12.222)	/	2 )
=	42.633	/	14.4605
=	2.95

Driver Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	18.414	/ (	(16.065	+	12.222)	/	2 )
=	18.414	/	14.1435
=	1.30

Driver Group (LSE:DRV) 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.

Driver Group Receivables Turnover Related Terms

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

Driver Group (LSE:DRV) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Old Broad Street, Suite 706-708, Floor 7, London, GBR, EC2N 1AR

Website

https://www.driver-group.com

Driver Group PLC provides consultancy services to the engineering and construction industries. The business activity of the group is primarily operated through divisions such as Europe and the Americas; Asia Pacific; Middle East. Geographically, it derives a majority of its revenue from the United Kingdom and can be seen across the region of Oman, France, Qatar, Germany, Kuwait, China, the US, Canada, and others. It offers quantity surveying, quantum and planning experts, litigation support, contract administration, and commercial advice/management services; and capital investment consultancy services, including development, project, and contracting management services.