Grainger (LSE:GRI) Receivables Turnover : 58.63 (As of Mar. 2024)

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What is Grainger 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. Grainger's Revenue for the six months ended in Mar. 2024 was £111.4 Mil. Grainger's average Accounts Receivable for the six months ended in Mar. 2024 was £1.9 Mil. Hence, Grainger's Receivables Turnover for the six months ended in Mar. 2024 was 58.63.

Grainger Receivables Turnover Historical Data

The historical data trend for Grainger'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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Grainger Receivables Turnover Chart

Grainger Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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10.51

9.73

84.97

84.09

112.89

Grainger Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															34.38	42.82	38.46	77.85	58.63

Competitive Comparison of Grainger's Receivables Turnover

For the Real Estate Services subindustry, Grainger'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.

Grainger's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Grainger's Receivables Turnover distribution charts can be found below:

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

Grainger Receivables Turnover Calculation

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

Grainger'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 )
=	265.3	/ (	(3.2	+	1.5)	/	2 )
=	265.3	/	2.35
=	112.89

Grainger'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 )
=	111.4	/ (	(1.5	+	2.3)	/	2 )
=	111.4	/	1.9
=	58.63

Grainger (LSE:GRI) 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.

Grainger Receivables Turnover Related Terms

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Grainger (LSE:GRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grainger PLC (LSE:GRI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GRGTF:USA GRIl:UK 1U4:Germany

Address

St James' Boulevard, Citygate, Newcastle upon Tyne, GBR, NE1 4JE

Website

https://www.graingerplc.co.uk

Grainger PLC owns, leases, and manages residential properties. The company derives the vast majority of its revenue through property sales and rental income. The business categorizes its operations into U.K. residential, retirement solutions, fund and third-party management, the U.K. and European development, German residential, and other. U.K. Residential represents the bulk of the group's revenue, with retirement solutions and the U.K and European development also contributing a substantial portion. The company also offers residential fund- and asset management services. The two segments for the company are PRS and Reversionary.