Propel Funeral Partners (Propel Funeral Partners) Receivables Turnover : 9.07 (As of Dec. 2023)

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What is Propel Funeral Partners 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. Propel Funeral Partners's Revenue for the six months ended in Dec. 2023 was $68.7 Mil. Propel Funeral Partners's average Accounts Receivable for the six months ended in Dec. 2023 was $7.6 Mil. Hence, Propel Funeral Partners's Receivables Turnover for the six months ended in Dec. 2023 was 9.07.

Propel Funeral Partners Receivables Turnover Historical Data

The historical data trend for Propel Funeral Partners'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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Propel Funeral Partners Receivables Turnover Chart

Propel Funeral Partners Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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16.88

19.75

22.55

20.42

19.19

Propel Funeral Partners Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								11.01	11.09	9.56	8.99	9.07

Competitive Comparison of Propel Funeral Partners's Receivables Turnover

For the Personal Services subindustry, Propel Funeral Partners'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.

Propel Funeral Partners's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Propel Funeral Partners's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Propel Funeral Partners's Receivables Turnover falls into.

Propel Funeral Partners Receivables Turnover Calculation

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

Propel Funeral Partners's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	112.815	/ (	(5.469	+	6.291)	/	2 )
=	112.815	/	5.88
=	19.19

Propel Funeral Partners's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	68.708	/ (	(6.291	+	8.862)	/	2 )
=	68.708	/	7.5765
=	9.07

Propel Funeral Partners (OTCPK:PFPLF) 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.

Propel Funeral Partners Receivables Turnover Related Terms

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Propel Funeral Partners (Propel Funeral Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Propel Funeral Partners Ltd (OTCPK:PFPLF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PFP:Australia

Address

135 King Street, Level 18.03, Sydney, NSW, AUS, 2000

Website

https://www.propelfuneralpartners.com.au

Propel Funeral Partners Ltd is an Australia-based company engaged in the provision of death care services. The company owns funeral homes, cremation facilities, cemeteries, and related infrastructure in Queensland, New South Wales, Victoria, Tasmania, South Australia, Western Australia, Australian Capital Territory, and New Zealand. It offers a range of services and products across death care such as tailored to personal, religious, or ethnic preferences. The Group is organized into two geographic segments, Australian operations, and New Zealand operations, both of which operate in the death care-related services industry. The Group generates the majority of its revenue from the Australia operations.

Propel Funeral Partners (Propel Funeral Partners) Headlines

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