Athena IT-Group AS (OCSE:ATHENA) Receivables Turnover : 1.74 (As of Sep. 2015)

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What is Athena IT-Group AS 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. Athena IT-Group AS's Revenue for the three months ended in Sep. 2015 was kr15.45 Mil. Athena IT-Group AS's average Accounts Receivable for the three months ended in Sep. 2015 was kr8.87 Mil. Hence, Athena IT-Group AS's Receivables Turnover for the three months ended in Sep. 2015 was 1.74.

Athena IT-Group AS Receivables Turnover Historical Data

The historical data trend for Athena IT-Group AS'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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Athena IT-Group AS Receivables Turnover Chart

Athena IT-Group AS Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Receivables Turnover

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5.93

7.22

7.33

6.69

7.07

Athena IT-Group AS Quarterly Data
	Jun09	Jun10	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Receivables Turnover	Get a 7-Day Free Trial															1.66	-	-	1.91	1.74

Competitive Comparison of Athena IT-Group AS's Receivables Turnover

For the Information Technology Services subindustry, Athena IT-Group AS'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.

Athena IT-Group AS's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Athena IT-Group AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Athena IT-Group AS's Receivables Turnover falls into.

Athena IT-Group AS Receivables Turnover Calculation

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

Athena IT-Group AS's Receivables Turnover for the fiscal year that ended in Jun. 2015 is calculated as

	Receivables Turnover (A: Jun. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2015 )	/ (	(Accounts Receivable (A: Jun. 2014 )	+	Accounts Receivable (A: Jun. 2015 ))	/	count )
=	63.999	/ (	(9.241	+	8.865)	/	2 )
=	63.999	/	9.053
=	7.07

Athena IT-Group AS's Receivables Turnover for the quarter that ended in Sep. 2015 is calculated as

	Receivables Turnover (Q: Sep. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2015 )	/ (	(Accounts Receivable (Q: Jun. 2015 )	+	Accounts Receivable (Q: Sep. 2015 ))	/	count )
=	15.451	/ (	(8.865	+	0)	/	1 )
=	15.451	/	8.865
=	1.74

Athena IT-Group AS (OCSE:ATHENA) 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.

Athena IT-Group AS Receivables Turnover Related Terms

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Athena IT-Group AS (OCSE:ATHENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Athena IT-Group AS (OCSE:ATHENA) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.athena.dk

Athena IT-Group AS provides professional IT solutions for the Danish business community. It consists of two divisions: Infrastructure & Outsourcing; and E-Solutions.

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