CompuGroup Medical SE KgaA (HAM:COP) Receivables Turnover : 1.45 (As of Mar. 2024)

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What is CompuGroup Medical SE KgaA 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. CompuGroup Medical SE KgaA's Revenue for the three months ended in Mar. 2024 was €285 Mil. CompuGroup Medical SE KgaA's average Accounts Receivable for the three months ended in Mar. 2024 was €196 Mil. Hence, CompuGroup Medical SE KgaA's Receivables Turnover for the three months ended in Mar. 2024 was 1.45.

CompuGroup Medical SE KgaA Receivables Turnover Historical Data

The historical data trend for CompuGroup Medical SE KgaA'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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CompuGroup Medical SE KgaA Receivables Turnover Chart

CompuGroup Medical SE KgaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.15

6.97

7.21

6.71

6.51

CompuGroup Medical SE KgaA 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															1.54	1.68	1.62	1.74	1.45

Competitive Comparison of CompuGroup Medical SE KgaA's Receivables Turnover

For the Health Information Services subindustry, CompuGroup Medical SE KgaA'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.

CompuGroup Medical SE KgaA's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CompuGroup Medical SE KgaA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CompuGroup Medical SE KgaA's Receivables Turnover falls into.

CompuGroup Medical SE KgaA Receivables Turnover Calculation

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

CompuGroup Medical SE KgaA'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 )
=	1187.663	/ (	(189.439	+	175.464)	/	2 )
=	1187.663	/	182.4515
=	6.51

CompuGroup Medical SE KgaA'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 )
=	284.624	/ (	(175.464	+	216.162)	/	2 )
=	284.624	/	195.813
=	1.45

CompuGroup Medical SE KgaA (HAM:COP) 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.

CompuGroup Medical SE KgaA Receivables Turnover Related Terms

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CompuGroup Medical SE KgaA (HAM:COP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CompuGroup Medical SE & Co KgaA (HAM:COP) » Definitions » Receivables Turnover

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Traded in Other Exchanges

CMPUY:USA COPd:UK 0MSD:UK COP:Germany COP:Austria

Address

Maria Trost 21, Koblenz, DEU, 56070

Website

https://www.cgm.com

CompuGroup Medical SE & Co KgaA provides electronic health solutions to healthcare providers through four segments: Ambulatory information systems, Pharmacy information systems, Hospital information systems, and Consumer and Health Management Information Systems. The Ambulatory information systems segment contributes to the majority of revenue and provides practice management software and electronic medical record management. Pharmacy information systems provide clinical, administrative, and financial software for retail pharmacies. The Hospital information systems segment sells its solutions to in-patient centers. Consumer and Health Management Information Systems offers networking service connect providers and other market participants.