Zaptec ASA (FRA:6I4) Receivables Turnover : 1.59 (As of Mar. 2024)

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What is Zaptec ASA 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. Zaptec ASA's Revenue for the three months ended in Mar. 2024 was €26.0 Mil. Zaptec ASA's average Accounts Receivable for the three months ended in Mar. 2024 was €16.4 Mil. Hence, Zaptec ASA's Receivables Turnover for the three months ended in Mar. 2024 was 1.59.

Zaptec ASA Receivables Turnover Historical Data

The historical data trend for Zaptec ASA'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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Zaptec ASA Receivables Turnover Chart

Zaptec ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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19.53

11.36

8.86

7.38

8.93

Zaptec ASA Quarterly Data
	Dec17	Dec18	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															1.64	1.58	1.54	1.43	1.59

Competitive Comparison of Zaptec ASA's Receivables Turnover

For the Auto Parts subindustry, Zaptec ASA'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.

Zaptec ASA's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zaptec ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zaptec ASA's Receivables Turnover falls into.

Zaptec ASA Receivables Turnover Calculation

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

Zaptec ASA'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 )
=	121.903	/ (	(11.115	+	16.172)	/	2 )
=	121.903	/	13.6435
=	8.93

Zaptec ASA'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 )
=	26.048	/ (	(16.172	+	16.558)	/	2 )
=	26.048	/	16.365
=	1.59

Zaptec ASA (FRA:6I4) 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.

Zaptec ASA Receivables Turnover Related Terms

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Zaptec ASA (FRA:6I4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zaptec ASA (FRA:6I4) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ZAPO:Sweden ZAP:Norway

Address

Professor Olav Hanssens vei 7A, Stavanger, NOR, 4021

Website

https://www.zaptec.com

Zaptec ASA is a technology company within Electronic vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables a large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars.

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