Fingerprint Cards AB (Fingerprint Cards AB) Receivables Turnover : 1.26 (As of Mar. 2024)

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What is Fingerprint Cards AB 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. Fingerprint Cards AB's Revenue for the three months ended in Mar. 2024 was $14.06 Mil. Fingerprint Cards AB's average Accounts Receivable for the three months ended in Mar. 2024 was $11.19 Mil. Hence, Fingerprint Cards AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.26.

Fingerprint Cards AB Receivables Turnover Historical Data

The historical data trend for Fingerprint Cards AB'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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Fingerprint Cards AB Receivables Turnover Chart

Fingerprint Cards AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.62

6.77

5.50

3.85

5.70

Fingerprint Cards AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.03	2.03	2.01	2.06	1.26

Competitive Comparison of Fingerprint Cards AB's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Fingerprint Cards AB'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.

Fingerprint Cards AB's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Fingerprint Cards AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fingerprint Cards AB's Receivables Turnover falls into.

Fingerprint Cards AB Receivables Turnover Calculation

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

Fingerprint Cards AB'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 )
=	68.769	/ (	(12.363	+	11.757)	/	2 )
=	68.769	/	12.06
=	5.70

Fingerprint Cards AB's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	14.062	/ (	(11.757	+	10.623)	/	2 )
=	14.062	/	11.19
=	1.26

Fingerprint Cards AB (OTCPK:FGRRF) 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.

Fingerprint Cards AB Receivables Turnover Related Terms

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Fingerprint Cards AB (Fingerprint Cards AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fingerprint Cards AB (OTCPK:FGRRF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FING B:Sweden 0RGY:UK FPQ1:Germany FPQ1:Germany

Address

P.O. Box 2412, Gothenburg, SWE, SE-403 16

Website

https://www.fingerprints.com

Fingerprint Cards AB is a Sweden-based company that is principally engaged in offering a broad range of biometric solutions. The company's products include fingerprint touch sensors, fingerprint swipe sensors, fingerprint area sensors, biometric modules, development kits, solutions, and others. The company targets the smartphone/tablet market and vertical markets where it can integrate its products; smartcards, the automotive industry, and the Internet of Things are prioritized markets. The company has a patent portfolio with global protection. The company markets and sells its products worldwide.

Fingerprint Cards AB (Fingerprint Cards AB) Headlines

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Q4 2023 Fingerprint Cards AB Earnings Call Transcript

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