Vantage Towers AG (Vantage Towers AG) Receivables Turnover : 6.14 (As of Mar. 2023)

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What is Vantage Towers AG 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. Vantage Towers AG's Revenue for the six months ended in Mar. 2023 was $602 Mil. Vantage Towers AG's average Accounts Receivable for the six months ended in Mar. 2023 was $98 Mil. Hence, Vantage Towers AG's Receivables Turnover for the six months ended in Mar. 2023 was 6.14.

Vantage Towers AG Receivables Turnover Historical Data

The historical data trend for Vantage Towers AG'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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Vantage Towers AG Receivables Turnover Chart

Vantage Towers AG Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

80.15

102.58

72.38

Vantage Towers AG Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Receivables Turnover	Get a 7-Day Free Trial			56.47	16.21	14.76	5.52	6.14

Competitive Comparison of Vantage Towers AG's Receivables Turnover

For the Real Estate Services subindustry, Vantage Towers AG'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.

Vantage Towers AG's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Vantage Towers AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vantage Towers AG's Receivables Turnover falls into.

Vantage Towers AG Receivables Turnover Calculation

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

Vantage Towers AG's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	1172.591	/ (	(13.877	+	18.522)	/	2 )
=	1172.591	/	16.1995
=	72.38

Vantage Towers AG's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	601.606	/ (	(177.327	+	18.522)	/	2 )
=	601.606	/	97.9245
=	6.14

Vantage Towers AG (OTCPK:VTAGY) 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.

Vantage Towers AG Receivables Turnover Related Terms

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Vantage Towers AG (Vantage Towers AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vantage Towers AG (OTCPK:VTAGY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VTWR:Germany

Address

Prinzenallee 11-13, Dusseldorf, NW, DEU, 40549

Website

https://www.vantagetowers.com

Vantage is the tower arm of Vodafone, spun off in 2021. Vantage fully owns 45,000 towers in Germany, Spain, Greece, and other European countries. Vantage also owns stakes in Inwit (22,000 towers, Vantage owns 33% stake), the Italian tower operator resulting from the merger of Vodafone and Telecom Italia's towers in the region, and Cornerstone (14,000 towers, 50% stake) a tower joint venture in the U.K. with Telefonica.

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