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600 Group (The) (LSE:SIXH) Receivables Turnover : 2.86 (As of Sep. 2022)


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What is 600 Group (The) 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. 600 Group (The)'s Revenue for the six months ended in Sep. 2022 was £15.05 Mil. 600 Group (The)'s average Accounts Receivable for the six months ended in Sep. 2022 was £5.26 Mil. Hence, 600 Group (The)'s Receivables Turnover for the six months ended in Sep. 2022 was 2.86.


600 Group (The) Receivables Turnover Historical Data

The historical data trend for 600 Group (The)'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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600 Group (The) Receivables Turnover Chart

600 Group (The) Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.01 8.54 10.11 3.54 7.69

600 Group (The) Semi-Annual Data
Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22
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 Premium Member Only 3.65 - 2.04 2.62 2.86

Competitive Comparison of 600 Group (The)'s Receivables Turnover

For the Specialty Industrial Machinery subindustry, 600 Group (The)'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.


600 Group (The)'s Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, 600 Group (The)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 600 Group (The)'s Receivables Turnover falls into.



600 Group (The) Receivables Turnover Calculation

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

600 Group (The)'s Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

Receivables Turnover (A: Mar. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2022 ) / ((Accounts Receivable (A: Mar. 2021 ) + Accounts Receivable (A: Mar. 2022 )) / count )
=24.258 / ((3.712 + 2.599) / 2 )
=24.258 / 3.1555
=7.69

600 Group (The)'s Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

Receivables Turnover (Q: Sep. 2022 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2022 ) / ((Accounts Receivable (Q: Mar. 2022 ) + Accounts Receivable (Q: Sep. 2022 )) / count )
=15.045 / ((2.599 + 7.93) / 2 )
=15.045 / 5.2645
=2.86

* 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.


600 Group (The)  (LSE:SIXH) 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.


600 Group (The) Receivables Turnover Related Terms

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600 Group (The) (LSE:SIXH) Business Description

Traded in Other Exchanges
N/A
Address
42 Berkeley Square, London, GBR, W1J 5AW
600 Group (The) PLC is a manufacturer, designer, and distributor of industrial products. The company's operating segment includes Industrial laser systems. Geographically, it derives majority of its revenue from the United States of America and has a presence in the United Kingdom, Europe, and the Rest of the World.

600 Group (The) (LSE:SIXH) Headlines