Ctac NV (XAMS:CTAC) Receivables Turnover : 4.42 (As of Dec. 2023)

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What is Ctac NV 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. Ctac NV's Revenue for the six months ended in Dec. 2023 was €62.3 Mil. Ctac NV's average Accounts Receivable for the six months ended in Dec. 2023 was €14.1 Mil. Hence, Ctac NV's Receivables Turnover for the six months ended in Dec. 2023 was 4.42.

Ctac NV Receivables Turnover Historical Data

The historical data trend for Ctac NV'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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Ctac NV Receivables Turnover Chart

Ctac NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.65

8.42

9.26

8.43

9.02

Ctac NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.13	4.31	4.37	4.41	4.42

Competitive Comparison of Ctac NV's Receivables Turnover

For the Information Technology Services subindustry, Ctac NV'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.

Ctac NV's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Ctac NV's Receivables Turnover falls into.

Ctac NV Receivables Turnover Calculation

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

Ctac NV'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 )
=	127.23	/ (	(14.748	+	13.469)	/	2 )
=	127.23	/	14.1085
=	9.02

Ctac NV'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	62.31	/ (	(14.713	+	13.469)	/	2 )
=	62.31	/	14.091
=	4.42

Ctac NV (XAMS:CTAC) 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.

Ctac NV Receivables Turnover Related Terms

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Ctac NV (XAMS:CTAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ctac NV (XAMS:CTAC) » Definitions » Receivables Turnover

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TAC:Germany

Address

Meerendonkweg 11, ’s-Hertogenbosch, NB, NLD, 5216 TZ

Website

https://www.ctac.nl

Ctac NV is a business and cloud integrator that provides a broad portfolio of systems, administration, and products (SAP) and Microsoft solutions on the cloud. It also provides business consultancy, managed services, project, learning, and secondment services. The company provides services to the retail, manufacturing, wholesale, third-party logistics, and consumer products industries. The essential product of the company is XV retail suite. The company classifies its business under geographical segments, including the Netherlands, Belgium, and Others. The Netherlands region generates maximum revenue for the company.