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SSH Communications Security Oyj (STU:XXH) Receivables Turnover : 0.77 (As of Jun. 2023)


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What is SSH Communications Security 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. SSH Communications Security Oyj's Revenue for the three months ended in Jun. 2023 was €4.90 Mil. SSH Communications Security Oyj's average Accounts Receivable for the three months ended in Jun. 2023 was €6.35 Mil. Hence, SSH Communications Security Oyj's Receivables Turnover for the three months ended in Jun. 2023 was 0.77.


SSH Communications Security Oyj Receivables Turnover Historical Data

The historical data trend for SSH Communications Security 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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SSH Communications Security Oyj Receivables Turnover Chart

SSH Communications Security Oyj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.87 2.76 4.42 3.12 3.48

SSH Communications Security Oyj Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.26 1.06 0.72 0.77 -

Competitive Comparison of SSH Communications Security Oyj's Receivables Turnover

For the Software - Infrastructure subindustry, SSH Communications Security 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.


SSH Communications Security Oyj's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where SSH Communications Security Oyj's Receivables Turnover falls into.



SSH Communications Security Oyj Receivables Turnover Calculation

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

SSH Communications Security 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 )
=20.322 / ((8.101 + 3.562) / 2 )
=20.322 / 5.8315
=3.48

SSH Communications Security Oyj's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=4.9 / ((8.101 + 4.6) / 2 )
=4.9 / 6.3505
=0.77

* 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.


SSH Communications Security Oyj  (STU:XXH) 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.


SSH Communications Security Oyj Receivables Turnover Related Terms

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SSH Communications Security Oyj (STU:XXH) Business Description

Traded in Other Exchanges
Address
Karvaamokuja 2B, Helsinki, FIN, 00380
SSH Communications Security Oyj is a provider of enterprise cybersecurity solutions that monitor, control, and automate trusted access to critical data. The company provides software, professional services, and recurring services. Its recurring service generates maximum revenue for the company. The company products consist of the crypto auditor, tectia ssh, and others. Geographically, the company provides its services to America, APAC, Europe, the Middle East and Africa (EMEA), and others. Its EMEA region generates maximum revenue for the company.

SSH Communications Security Oyj (STU:XXH) Headlines

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