LSI Software (WAR:LSI) Receivables Turnover : 1.65 (As of Dec. 2023)

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What is LSI Software 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. LSI Software's Revenue for the three months ended in Dec. 2023 was zł17.22 Mil. LSI Software's average Accounts Receivable for the three months ended in Dec. 2023 was zł10.46 Mil. Hence, LSI Software's Receivables Turnover for the three months ended in Dec. 2023 was 1.65.

LSI Software Receivables Turnover Historical Data

The historical data trend for LSI Software'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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LSI Software Receivables Turnover Chart

LSI Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.34

4.07

7.22

6.39

5.26

LSI Software Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.80	1.48	1.71	1.81	1.65

Competitive Comparison of LSI Software's Receivables Turnover

For the Software - Application subindustry, LSI Software'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.

LSI Software's Receivables Turnover Distribution in the Software Industry

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

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

LSI Software Receivables Turnover Calculation

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

LSI Software'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 )
=	56.928	/ (	(9.46	+	12.206)	/	2 )
=	56.928	/	10.833
=	5.26

LSI Software's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	17.217	/ (	(8.715	+	12.206)	/	2 )
=	17.217	/	10.4605
=	1.65

LSI Software (WAR:LSI) 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.

LSI Software Receivables Turnover Related Terms

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LSI Software (WAR:LSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » LSI Software SA (WAR:LSI) » Definitions » Receivables Turnover

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Address

176/178 Przybyszewskiego Street, Lodz, POL, 93-120

Website

http://www.lsisoftware.pl

LSI Software SA is engaged in software development for retail and hospitality sectors as well as for cinema operators. It also involved in professional services, implementation services, maintenance, and the supplying of hardware solutions. The company products are bifurcated namely Bastion Enterprise Resource Planning (ERP), Positive Retail, Positive Hospitality and Expert computer hardware. The company derives most of its revenues from the sale of the Software business and has operations spread across Poland. Its geographic segments include Poland and other countries.