Soluciones Cuatroochenta (XMAD:480S) Receivables Turnover : 2.47 (As of Dec. 2023)

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What is Soluciones Cuatroochenta 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. Soluciones Cuatroochenta's Revenue for the six months ended in Dec. 2023 was €11.73 Mil. Soluciones Cuatroochenta's average Accounts Receivable for the six months ended in Dec. 2023 was €4.75 Mil. Hence, Soluciones Cuatroochenta's Receivables Turnover for the six months ended in Dec. 2023 was 2.47.

Soluciones Cuatroochenta Receivables Turnover Historical Data

The historical data trend for Soluciones Cuatroochenta'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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Soluciones Cuatroochenta Receivables Turnover Chart

Soluciones Cuatroochenta Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.50

3.72

4.67

4.49

4.47

Soluciones Cuatroochenta Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				2.20	2.40	2.34	2.31	2.47

Competitive Comparison of Soluciones Cuatroochenta's Receivables Turnover

For the Software - Application subindustry, Soluciones Cuatroochenta'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.

Soluciones Cuatroochenta's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Soluciones Cuatroochenta's Receivables Turnover falls into.

Soluciones Cuatroochenta Receivables Turnover Calculation

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

Soluciones Cuatroochenta'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 )
=	22.406	/ (	(4.871	+	5.145)	/	2 )
=	22.406	/	5.008
=	4.47

Soluciones Cuatroochenta'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 )
=	11.734	/ (	(4.35	+	5.145)	/	2 )
=	11.734	/	4.7475
=	2.47

Soluciones Cuatroochenta (XMAD:480S) 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.

Soluciones Cuatroochenta Receivables Turnover Related Terms

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Soluciones Cuatroochenta (XMAD:480S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Soluciones Cuatroochenta SA (XMAD:480S) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Edificio Espaitec 2, Universitat Jaume I, Avenida de Vicent Sos Baynat s / n, Castellon, ESP, 12071

Website

https://www.cuatroochenta.com

Soluciones Cuatroochenta SA is a technology company developing and implementing digital cloud solutions to meet the challenges and objectives of its clients located in Europe and Latin America. The company, which started as an app development company, has become a solvent technological partner undertaking digital transformations with the powerful management and cybersecurity solutions. This omnichannel service can be tailored to the needs of each organization in order to improve their performance. Its main business models are the development of ad hoc apps for third parties, its own products such as Sefici (process optimization with app and web technology) and 480interactive (software to create apps without programming knowledge), revenue agreements share and participated projects.

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