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Amanet Management & Systems (XTAE:AMAN) Receivables Turnover : 1.96 (As of Dec. 2023)


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What is Amanet Management & Systems 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. Amanet Management & Systems's Revenue for the six months ended in Dec. 2023 was ₪169.6 Mil. Amanet Management & Systems's average Accounts Receivable for the six months ended in Dec. 2023 was ₪86.5 Mil. Hence, Amanet Management & Systems's Receivables Turnover for the six months ended in Dec. 2023 was 1.96.


Amanet Management & Systems Receivables Turnover Historical Data

The historical data trend for Amanet Management & Systems'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.

Amanet Management & Systems Receivables Turnover Chart

Amanet Management & Systems Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 3.82 4.05 4.33 3.85 3.93

Amanet Management & Systems Semi-Annual Data
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 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 1.82 1.86 1.68 1.92 1.96

Competitive Comparison of Amanet Management & Systems's Receivables Turnover

For the Conglomerates subindustry, Amanet Management & Systems'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.


Amanet Management & Systems's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Amanet Management & Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Amanet Management & Systems's Receivables Turnover falls into.



Amanet Management & Systems Receivables Turnover Calculation

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

Amanet Management & Systems'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 )
=332.654 / ((83.171 + 86.206) / 2 )
=332.654 / 84.6885
=3.93

Amanet Management & Systems'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 )
=169.579 / ((86.732 + 86.206) / 2 )
=169.579 / 86.469
=1.96

* 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.


Amanet Management & Systems  (XTAE:AMAN) 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.


Amanet Management & Systems Receivables Turnover Related Terms

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Amanet Management & Systems (XTAE:AMAN) Business Description

Traded in Other Exchanges
N/A
Address
34 Habarzel Street, Ramat Hahayal, Tel-Aviv, ISR, 6971050
Amanet Management & Systems Ltd operates as a multi disciplinary service and consultancy provider. Its business activities include consulting, engineering, logistics and outsourcing, IT and software and development of large businesses in Israel & abroad. It has customer base in all segments of the industry such as defense, government, public institutions, commerce and services, construction, business field and others.

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