Water Intelligence (LSE:WATR) Receivables Turnover : 3.85 (As of Jun. 2023)

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What is Water Intelligence 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. Water Intelligence's Revenue for the six months ended in Jun. 2023 was £30.63 Mil. Water Intelligence's average Accounts Receivable for the six months ended in Jun. 2023 was £7.95 Mil. Hence, Water Intelligence's Receivables Turnover for the six months ended in Jun. 2023 was 3.85.

Water Intelligence Receivables Turnover Historical Data

The historical data trend for Water Intelligence'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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Water Intelligence Receivables Turnover Chart

Water Intelligence Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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14.20

12.73

13.28

15.10

12.68

Water Intelligence Semi-Annual Data
	Dec13	Jun14	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															4.09	4.57	4.30	3.66	3.85

Competitive Comparison of Water Intelligence's Receivables Turnover

For the Specialty Business Services subindustry, Water Intelligence'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.

Water Intelligence's Receivables Turnover Distribution in the Business Services Industry

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

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

Water Intelligence Receivables Turnover Calculation

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

Water Intelligence'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 )
=	58.564	/ (	(3.319	+	5.92)	/	2 )
=	58.564	/	4.6195
=	12.68

Water Intelligence'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 )
=	30.631	/ (	(5.92	+	9.975)	/	2 )
=	30.631	/	7.9475
=	3.85

Water Intelligence (LSE:WATR) 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.

Water Intelligence Receivables Turnover Related Terms

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Water Intelligence (LSE:WATR) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Water Intelligence PLC (LSE:WATR) » Definitions » Receivables Turnover

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WTLLF:USA

Address

27-28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.waterintelligence.co.uk

Water Intelligence PLC provides leak detection and remediation services based in the United Kingdom. The company along with its subsidiaries offers a range of solutions and products for residential, commercial, and municipal customers. It generates revenue Franchise royalty income; Franchise-related activities including product and equipment sales, business-to-business sales, and sales of franchises; United States corporate-operated locations; and International corporate-operated locations. The revenues are derived from the American leak detection business.

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