Ventia Services Group (ASX:VNT) Receivables Turnover : 8.42 (As of Jun. 2024)

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What is Ventia Services 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. Ventia Services Group's Revenue for the six months ended in Jun. 2024 was A$3,083 Mil. Ventia Services Group's average Accounts Receivable for the six months ended in Jun. 2024 was A$366 Mil. Hence, Ventia Services Group's Receivables Turnover for the six months ended in Jun. 2024 was 8.42.

Ventia Services Group Receivables Turnover Historical Data

The historical data trend for Ventia Services 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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Ventia Services Group Receivables Turnover Chart

Ventia Services Group Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

19.25

9.78

10.03

Ventia Services Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial			4.67	3.21	3.15	4.57	8.42

Competitive Comparison of Ventia Services Group's Receivables Turnover

For the Infrastructure Operations subindustry, Ventia Services 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.

Ventia Services Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ventia Services Group's Receivables Turnover distribution charts can be found below:

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

Ventia Services Group Receivables Turnover Calculation

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

Ventia Services Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	5676.4	/ (	(820	+	312.2)	/	2 )
=	5676.4	/	566.1
=	10.03

Ventia Services Group's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	3082.5	/ (	(312.2	+	420.4)	/	2 )
=	3082.5	/	366.3
=	8.42

Ventia Services Group (ASX:VNT) 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.

Ventia Services Group Receivables Turnover Related Terms

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Ventia Services Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ventia Services Group Ltd (ASX:VNT) » Definitions » Receivables Turnover

Traded in Other Exchanges

VNT:New Zealand

Address

80 Pacific Highway, Level 8, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ventia.com

While Ventia is not the largest player with an estimated 7.5% share of addressable markets, it is a leading infrastructure maintenance services provider in Australia and New Zealand. Its capabilities span the full asset lifecycle including operations and maintenance, facilities management, minor capital works, environmental services, and other solutions. And its business model is favorably capital-light via flexing of a large contractor base complementing a deep pool of talented employees. Ventia has long-term relationships with a diverse range of public and private sector clients with many client relationships maintained for decades. Contracts are favorably long with an average five-year duration at inception and most containing some form of embedded price escalation.