TietoEVRY (OHEL:TIETO) Receivables Turnover : 1.31 (As of Mar. 2024)

View and export this data going back to 1984. Start your Free Trial

What is TietoEVRY 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. TietoEVRY's Revenue for the three months ended in Mar. 2024 was €734 Mil. TietoEVRY's average Accounts Receivable for the three months ended in Mar. 2024 was €560 Mil. Hence, TietoEVRY's Receivables Turnover for the three months ended in Mar. 2024 was 1.31.

TietoEVRY Receivables Turnover Historical Data

The historical data trend for TietoEVRY'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.

* Premium members only.

TietoEVRY Receivables Turnover Chart

TietoEVRY Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.64

6.59

7.37

7.49

6.44

TietoEVRY 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															1.52	1.21	1.07	1.32	1.31

Competitive Comparison of TietoEVRY's Receivables Turnover

For the Information Technology Services subindustry, TietoEVRY'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.

TietoEVRY's Receivables Turnover Distribution in the Software Industry

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

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

TietoEVRY Receivables Turnover Calculation

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

TietoEVRY'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 )
=	2851.4	/ (	(408.9	+	476.8)	/	2 )
=	2851.4	/	442.85
=	6.44

TietoEVRY'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 )
=	733.9	/ (	(476.8	+	642.4)	/	2 )
=	733.9	/	559.6
=	1.31

TietoEVRY (OHEL:TIETO) 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.

TietoEVRY Receivables Turnover Related Terms

Thank you for viewing the detailed overview of TietoEVRY's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

TietoEVRY (OHEL:TIETO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TietoEVRY Corp (OHEL:TIETO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TIETOS:Sweden TIETO:Norway TIETOh:UK 0KG0:UK TTEB:Germany

Address

Keilalahdentie 2-4, P.O. Box 2, Espoo, FIN, FI-02101

Website

https://www.tietoevry.com

TietoEVRY Corp is a Finland-based company engaged in providing information technology services software to both public and private sectors. The company's operation is organized into six segments: Digital Experience, Hybrid Infra, Industry Software, Product Development Services, EVRY, and Other Operations. Among all segments, Industry Software derives the highest profit and margin. The company operates mainly in Europe, including Sweden, Norway, and Finland, but it also has business in China and India.

TietoEVRY (OHEL:TIETO) Headlines

No Headlines