Abrdn Global Infrastructure Income Fund Common Shares Of Beneficial(Asgi) Financials: Receivables Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - receivables turnover
This chart shows the historical trend of receivables turnover for ASGI compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Receivables Turnover
Definition: Receivables turnover tells you how quickly the company collects payments from customers after making sales on credit. A high turnover means customers pay on time and cash flows smoothly. Slow turnover suggests delayed collections, which can create cash shortages and financing stress.
Interpretation:
• In '2022', ASGI's receivables turnover was -19.73, showing efficiency in collecting outstanding receivables. Industry average for Investment Managers in '2022' stood at -0.14.
• In '2023', ASGI's receivables turnover was 8.79, showing efficiency in collecting outstanding receivables. The increase since '2022' reflects strengthening financial performance. Industry average for Investment Managers in '2023' stood at 2.48. Industry average increased by 2.62 compared to previous year.
• In '2023', ASGI's receivables turnover was 8.79, showing efficiency in collecting outstanding receivables. The figure remained stable compared to '2023'. Industry average for Investment Managers in '2023' stood at 2.48. Industry average remained unchanged from prior year.
• In '2024', ASGI's receivables turnover was 159.38, showing efficiency in collecting outstanding receivables. The increase since '2023' reflects strengthening financial performance. Industry average for Investment Managers in '2024' stood at 4.54. Industry average increased by 2.06 compared to previous year.
Overall, ASGI's receivables turnover has been volatile but showed an upward trend over the past 4 years.
Formula: Receivables Turnover = Net Credit Sales / Average Accounts Receivable
Good Range: Ranges 5 to 15 depending on credit terms.