Lok'n Store Group (LSE:LOK) Receivables Turnover : 10.75 (As of Jan. 2024)

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What is Lok'n Store 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. Lok'n Store Group's Revenue for the six months ended in Jan. 2024 was £14.17 Mil. Lok'n Store Group's average Accounts Receivable for the six months ended in Jan. 2024 was £1.32 Mil. Hence, Lok'n Store Group's Receivables Turnover for the six months ended in Jan. 2024 was 10.75.

Lok'n Store Group Receivables Turnover Historical Data

The historical data trend for Lok'n Store 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.

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Lok'n Store Group Receivables Turnover Chart

Lok'n Store Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

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6.13

20.03

19.93

20.31

21.38

Lok'n Store Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															9.55	10.60	8.60	8.22	10.75

Competitive Comparison of Lok'n Store Group's Receivables Turnover

For the Real Estate Services subindustry, Lok'n Store 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.

Lok'n Store Group's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Lok'n Store Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lok'n Store Group's Receivables Turnover falls into.

Lok'n Store Group Receivables Turnover Calculation

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

Lok'n Store Group's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	27.147	/ (	(1.198	+	1.342)	/	2 )
=	27.147	/	1.27
=	21.38

Lok'n Store 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: Jul. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	14.168	/ (	(1.342	+	1.293)	/	2 )
=	14.168	/	1.3175
=	10.75

Lok'n Store Group (LSE:LOK) 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.

Lok'n Store Group Receivables Turnover Related Terms

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Lok'n Store Group (LSE:LOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lok'n Store Group PLC (LSE:LOK) » Definitions » Receivables Turnover

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Address

112 Hawley Lane, Farnborough, Hampshire, GBR, GU14 8JE

Website

https://www.loknstore.co.uk

Lok'n Store Group PLC operates in the real estate industry based in the United Kingdom. Its business involves buying or leasing warehouses or industrial buildings and letting them out as self-storage units to its customers. Operating through the Self-Storage segments, the company caters to both households and business customers. Its self-storage segment accounts for the bulk of its operations with the provision of storage rooms, student storage, pallet storage, warehouse space, self-storage archiving, flexible office space, and multi-site business storage accounts.

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