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Franchise Brands (LSE:FRAN) Receivables Turnover : 2.26 (As of Jun. 2023)


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What is Franchise Brands 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. Franchise Brands's Revenue for the six months ended in Jun. 2023 was £69.8 Mil. Franchise Brands's average Accounts Receivable for the six months ended in Jun. 2023 was £30.9 Mil. Hence, Franchise Brands's Receivables Turnover for the six months ended in Jun. 2023 was 2.26.


Franchise Brands Receivables Turnover Historical Data

The historical data trend for Franchise Brands'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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Franchise Brands Receivables Turnover Chart

Franchise Brands Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.97 3.67 3.60 4.13 5.93

Franchise Brands Semi-Annual Data
Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.91 1.94 2.28 2.55 2.26

Competitive Comparison of Franchise Brands's Receivables Turnover

For the Specialty Business Services subindustry, Franchise Brands'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.


Franchise Brands's Receivables Turnover Distribution in the Business Services Industry

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

* The bar in red indicates where Franchise Brands's Receivables Turnover falls into.



Franchise Brands Receivables Turnover Calculation

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

Franchise Brands's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=99.152 / ((14.842 + 18.588) / 2 )
=99.152 / 16.715
=5.93

Franchise Brands's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=69.751 / ((18.588 + 43.21) / 2 )
=69.751 / 30.899
=2.26

* 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.


Franchise Brands  (LSE:FRAN) 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.


Franchise Brands Receivables Turnover Related Terms

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Franchise Brands (LSE:FRAN) Business Description

Traded in Other Exchanges
N/A
Address
Ashwood Court, Springwood Close, Tytherington Business Park, Macclesfield, GBR, SK10 2XF
Franchise Brands PLC is a holding company engaged in franchising and related activities. Its brands associated with the company are metro rod, chips away, barking mad, Oven clean, Metro Plumb, Willow Pumps, and Filta. Its operating segments are B2B, Filta International, B2C, Azura, and Other operations and the majority of the revenue comes from the B2B segment.

Franchise Brands (LSE:FRAN) Headlines

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