OneSpan (FRA:VDY) Receivables Turnover : 1.34 (As of Mar. 2024)

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What is OneSpan 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. OneSpan's Revenue for the three months ended in Mar. 2024 was €59.7 Mil. OneSpan's average Accounts Receivable for the three months ended in Mar. 2024 was €44.4 Mil. Hence, OneSpan's Receivables Turnover for the three months ended in Mar. 2024 was 1.34.

OneSpan Receivables Turnover Historical Data

The historical data trend for OneSpan'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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OneSpan Receivables Turnover Chart

OneSpan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.20

3.43

3.90

3.71

3.58

OneSpan 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															1.17	1.57	1.54	1.21	1.34

Competitive Comparison of OneSpan's Receivables Turnover

For the Software - Infrastructure subindustry, OneSpan'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.

OneSpan's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, OneSpan's Receivables Turnover distribution charts can be found below:

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

OneSpan Receivables Turnover Calculation

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

OneSpan'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 )
=	215.592	/ (	(61.485	+	59.043)	/	2 )
=	215.592	/	60.264
=	3.58

OneSpan'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 )
=	59.656	/ (	(59.043	+	29.791)	/	2 )
=	59.656	/	44.417
=	1.34

OneSpan (FRA:VDY) 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.

OneSpan Receivables Turnover Related Terms

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OneSpan (FRA:VDY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » OneSpan Inc (FRA:VDY) » Definitions » Receivables Turnover

Comparable Companies

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OSPN:USA VDY:Germany

Address

121 West Wacker Drive, Suite 2050, Chicago, IL, USA, 60601

Website

https://investors.onespan.com

OneSpan Inc is a provider of information technology security solutions for banking and financial services and application security markets. Its solutions secure and manage access to digital assets and protect online transactions, via mobile devices and in-person. Authentication and anti-fraud solutions are the organization's primary product offerings and include multifactor authentication and virtual private network access capabilities. The company derives revenues from hardware and license fees, maintenance and support fees, and subscription fees. A large majority of the firm's revenue is generated in Europe, Middle East and Africa, and the rest in the United States and Asia-Pacific region.

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