Thinc Collective AB (XSAT:THINC) Receivables Turnover : 1.88 (As of Dec. 2023)

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What is Thinc Collective AB 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. Thinc Collective AB's Revenue for the three months ended in Dec. 2023 was kr94.0 Mil. Thinc Collective AB's average Accounts Receivable for the three months ended in Dec. 2023 was kr50.0 Mil. Hence, Thinc Collective AB's Receivables Turnover for the three months ended in Dec. 2023 was 1.88.

Thinc Collective AB Receivables Turnover Historical Data

The historical data trend for Thinc Collective AB'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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Thinc Collective AB Receivables Turnover Chart

Thinc Collective AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.69

12.15

5.43

7.88

6.57

Thinc Collective AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.81	2.80	1.74	1.42	1.88

Competitive Comparison of Thinc Collective AB's Receivables Turnover

For the Software - Application subindustry, Thinc Collective AB'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.

Thinc Collective AB's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Thinc Collective AB's Receivables Turnover falls into.

Thinc Collective AB Receivables Turnover Calculation

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

Thinc Collective AB'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 )
=	298.921	/ (	(44.256	+	46.728)	/	2 )
=	298.921	/	45.492
=	6.57

Thinc Collective AB'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 )
=	93.951	/ (	(53.182	+	46.728)	/	2 )
=	93.951	/	49.955
=	1.88

Thinc Collective AB (XSAT:THINC) 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.

Thinc Collective AB Receivables Turnover Related Terms

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Thinc Collective AB (XSAT:THINC) Business Description

Industry

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Address

Södra Hamngatan 35, Gothenburg, SWE, 411 10

Website

https://www.thinccollective.se

Thinc Collective AB is a Swedish software as a service company that develops event management systems. The group offers a group of companies within systems, communication and structure. The companies thinks up and implements ideas for its customers. Its areas of expertise range from data, analysis, technology development, SaaS systems for communication, media, PR, brand experience and financial information. The group targets customers regardless of industry with a need for coherent communication. Thinc Collective operates within the Nordic region.

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