Admicom Oyj (OHEL:ADMCM) Receivables Turnover : 5.77 (As of Dec. 2023)

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What is Admicom Oyj 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. Admicom Oyj's Revenue for the six months ended in Dec. 2023 was €16.70 Mil. Admicom Oyj's average Accounts Receivable for the six months ended in Dec. 2023 was €2.89 Mil. Hence, Admicom Oyj's Receivables Turnover for the six months ended in Dec. 2023 was 5.77.

Admicom Oyj Receivables Turnover Historical Data

The historical data trend for Admicom Oyj'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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Admicom Oyj Receivables Turnover Chart

Admicom Oyj Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.15

11.44

10.77

11.98

12.67

Admicom Oyj Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									5.45	5.99	6.08	6.13	5.77

Competitive Comparison of Admicom Oyj's Receivables Turnover

For the Software - Application subindustry, Admicom Oyj'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.

Admicom Oyj's Receivables Turnover Distribution in the Software Industry

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

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

Admicom Oyj Receivables Turnover Calculation

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

Admicom Oyj'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 )
=	34.321	/ (	(2.692	+	2.726)	/	2 )
=	34.321	/	2.709
=	12.67

Admicom Oyj's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	16.696	/ (	(3.057	+	2.726)	/	2 )
=	16.696	/	2.8915
=	5.77

Admicom Oyj (OHEL:ADMCM) 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.

Admicom Oyj Receivables Turnover Related Terms

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Admicom Oyj (OHEL:ADMCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Admicom Oyj (OHEL:ADMCM) » Definitions » Receivables Turnover

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Address

Väinönkatu 26 A 29, Jyväskylä, FIN

Website

https://www.admicom.fi

Admicom Oyj is a system development company. It provides cloud-based, software as a service-based, and adminet enterprise resource planning system to support small and medium-sized companies to improve competitiveness by automating workplace and office routines seamlessly into accounting. The company serves building engineers, and construction and industrial professionals.

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