Airtificial Intelligence Structures (FRA:IRG) Receivables Turnover : 0.94 (As of Jun. 2023)

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What is Airtificial Intelligence Structures 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. Airtificial Intelligence Structures's Revenue for the six months ended in Jun. 2023 was €49.03 Mil. Airtificial Intelligence Structures's average Accounts Receivable for the six months ended in Jun. 2023 was €52.09 Mil. Hence, Airtificial Intelligence Structures's Receivables Turnover for the six months ended in Jun. 2023 was 0.94.

Airtificial Intelligence Structures Receivables Turnover Historical Data

The historical data trend for Airtificial Intelligence Structures'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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Airtificial Intelligence Structures Receivables Turnover Chart

Airtificial Intelligence Structures Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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1.44

1.92

1.95

2.00

2.05

Airtificial Intelligence Structures Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															0.99	1.05	0.93	1.08	0.94

Competitive Comparison of Airtificial Intelligence Structures's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Airtificial Intelligence Structures'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.

Airtificial Intelligence Structures's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Airtificial Intelligence Structures's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Airtificial Intelligence Structures's Receivables Turnover falls into.

Airtificial Intelligence Structures Receivables Turnover Calculation

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

Airtificial Intelligence Structures's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	91.96	/ (	(43.385	+	46.208)	/	2 )
=	91.96	/	44.7965
=	2.05

Airtificial Intelligence Structures's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	49.03	/ (	(46.208	+	57.963)	/	2 )
=	49.03	/	52.0855
=	0.94

Airtificial Intelligence Structures (FRA:IRG) 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.

Airtificial Intelligence Structures Receivables Turnover Related Terms

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Airtificial Intelligence Structures (FRA:IRG) Business Description

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AI:Spain

Address

General Diaz Porlier 49, Madrid, ESP, 28001

Website

https://www.airtificial.com

Airtificial Intelligence Structures SA is a prominent Spanish company in the field of Artificial Intelligence, Robotics, and the Development of Intelligent Structures. The company provides design and manufacturing technology solutions for the automotive, aeronautics, infrastructure, and other industrial sectors. It operates in the Aerospace & Defense, Infrastructure, and Intelligent Robots segments. The majority of the company's revenues are derived from the Intelligent Robots segment that caters to the automotive sector, specifically, in assembly, test, and test lines.

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