E-Xim IT (WAR:EXM) Receivables Turnover : 0.58 (As of Mar. 2024)

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What is E-Xim IT 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. E-Xim IT's Revenue for the three months ended in Mar. 2024 was zł3.64 Mil. E-Xim IT's average Accounts Receivable for the three months ended in Mar. 2024 was zł6.29 Mil. Hence, E-Xim IT's Receivables Turnover for the three months ended in Mar. 2024 was 0.58.

E-Xim IT Receivables Turnover Historical Data

The historical data trend for E-Xim IT'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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E-Xim IT Receivables Turnover Chart

E-Xim IT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.60

5.51

5.55

5.03

3.17

E-Xim IT 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															2.66	1.00	2.48	1.56	0.58

Competitive Comparison of E-Xim IT's Receivables Turnover

For the Information Technology Services subindustry, E-Xim IT'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.

E-Xim IT's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where E-Xim IT's Receivables Turnover falls into.

E-Xim IT Receivables Turnover Calculation

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

E-Xim IT'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 )
=	17.34	/ (	(1.665	+	9.288)	/	2 )
=	17.34	/	5.4765
=	3.17

E-Xim IT'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 )
=	3.64	/ (	(9.288	+	3.287)	/	2 )
=	3.64	/	6.2875
=	0.58

E-Xim IT (WAR:EXM) 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.

E-Xim IT Receivables Turnover Related Terms

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E-Xim IT (WAR:EXM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » E-Xim IT SA (WAR:EXM) » Definitions » Receivables Turnover

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Address

ul. Dowry of 7 Maidens 1, building C, Warsaw, POL, 02-495

Website

http://www.e-xim.pl

E-Xim IT SA is an information technology company. Its services include digital transformation, application delivery, and services management. The company focus on the implementation services of the proposed solutions, and also consulting and advisory services independent of information technology, project management and substantive training.

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