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IFIRMA Spolka Akcyjna (WAR:IFI) Receivables Turnover : 3.11 (As of Mar. 2024)


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What is IFIRMA Spolka Akcyjna 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. IFIRMA Spolka Akcyjna's Revenue for the three months ended in Mar. 2024 was zł13.85 Mil. IFIRMA Spolka Akcyjna's average Accounts Receivable for the three months ended in Mar. 2024 was zł4.45 Mil. Hence, IFIRMA Spolka Akcyjna's Receivables Turnover for the three months ended in Mar. 2024 was 3.11.


IFIRMA Spolka Akcyjna Receivables Turnover Historical Data

The historical data trend for IFIRMA Spolka Akcyjna'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.

IFIRMA Spolka Akcyjna Receivables Turnover Chart

IFIRMA Spolka Akcyjna 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 13.68 12.65 14.43 13.60 12.58

IFIRMA Spolka Akcyjna 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 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 3.19 - - 2.96 3.11

Competitive Comparison of IFIRMA Spolka Akcyjna's Receivables Turnover

For the Information Technology Services subindustry, IFIRMA Spolka Akcyjna'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.


IFIRMA Spolka Akcyjna's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where IFIRMA Spolka Akcyjna's Receivables Turnover falls into.



IFIRMA Spolka Akcyjna Receivables Turnover Calculation

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

IFIRMA Spolka Akcyjna'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 )
=51.275 / ((3.704 + 4.448) / 2 )
=51.275 / 4.076
=12.58

IFIRMA Spolka Akcyjna'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 )
=13.845 / ((4.448 + 0) / 1 )
=13.845 / 4.448
=3.11

* 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.


IFIRMA Spolka Akcyjna  (WAR:IFI) 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.


IFIRMA Spolka Akcyjna Receivables Turnover Related Terms

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IFIRMA Spolka Akcyjna (WAR:IFI) Business Description

Traded in Other Exchanges
N/A
Address
Grabiszynska 241 B, Wroclaw, POL, 53-234
IFIRMA Spolka Akcyjna provides services in the field of software development as well as recruitment and outsourcing of IT staff. Its services include internet accounting, accounting office, invoices application, and warehousing software. The company is working on www.firmbee.com - a project management software which manages firm's tasks, finances, supports remote team work and HR processes.

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