Saietta Group (LSE:SED) Receivables Turnover : 0.55 (As of Sep. 2023)

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What is Saietta 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. Saietta Group's Revenue for the six months ended in Sep. 2023 was £0.98 Mil. Saietta Group's average Accounts Receivable for the six months ended in Sep. 2023 was £1.78 Mil. Hence, Saietta Group's Receivables Turnover for the six months ended in Sep. 2023 was 0.55.

Saietta Group Receivables Turnover Historical Data

The historical data trend for Saietta 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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Saietta Group Receivables Turnover Chart

Saietta Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

15.06

2.08

4.22

2.67

1.20

Saietta Group Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial				0.82	1.37	0.26	0.60	0.55

Competitive Comparison of Saietta Group's Receivables Turnover

For the Auto Parts subindustry, Saietta 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.

Saietta Group's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Saietta Group's Receivables Turnover distribution charts can be found below:

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

Saietta Group Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	2.103	/ (	(2.422	+	1.085)	/	2 )
=	2.103	/	1.7535
=	1.20

Saietta 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 )
=	0.977	/ (	(1.085	+	2.477)	/	2 )
=	0.977	/	1.781
=	0.55

Saietta Group (LSE:SED) 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.

Saietta Group Receivables Turnover Related Terms

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Saietta Group (LSE:SED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Saietta Group PLC (LSE:SED) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/- Fieldfisher, Riverbank House, 2 Swan Lane, London, GBR, EC4R 3TT

Website

https://www.saietta.com

Saietta Group PLC is an engineering company. Its branded AFT (Axial Flux Technology) is modular in design, meaning high and low voltage e-motor solutions can be provided from scooters to large vehicles. It operates in three segments; Lightweight, Heavy-duty and Marine division. It generates maximum revenue from Lightweight segment. AFT has been designed for high automation in volume production meaning AFT cost-effectively delivers class performance. Geographically, the company operates in United Kingdom, European Unions and the rest of the world.

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