Sapiens International NV (XTAE:SPNS) Receivables Turnover : 1.64 (As of Mar. 2024)

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What is Sapiens International 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. Sapiens International NV's Revenue for the three months ended in Mar. 2024 was ₪497 Mil. Sapiens International NV's average Accounts Receivable for the three months ended in Mar. 2024 was ₪303 Mil. Hence, Sapiens International NV's Receivables Turnover for the three months ended in Mar. 2024 was 1.64.

Sapiens International NV Receivables Turnover Historical Data

The historical data trend for Sapiens International 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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Sapiens International NV Receivables Turnover Chart

Sapiens International NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.85

9.20

8.99

8.44

8.68

Sapiens International NV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.63	1.39	1.39	1.65	1.64

Competitive Comparison of Sapiens International NV's Receivables Turnover

For the Software - Application subindustry, Sapiens International 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.

Sapiens International NV's Receivables Turnover Distribution in the Software Industry

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

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

Sapiens International NV Receivables Turnover Calculation

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

Sapiens International 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 )
=	1906.308	/ (	(216.95	+	222.363)	/	2 )
=	1906.308	/	219.6565
=	8.68

Sapiens International NV's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	497.334	/ (	(222.363	+	384.293)	/	2 )
=	497.334	/	303.328
=	1.64

Sapiens International NV (XTAE:SPNS) 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.

Sapiens International NV Receivables Turnover Related Terms

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Sapiens International NV (XTAE:SPNS) Business Description

Industry

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SPNS:USA S3P:Germany

Address

26 Harokmim Street, Azrieli Center, Holon, ISR, 5885800

Website

https://www.sapiens.com

Sapiens International Corp NV is a provider of software solutions for the insurance industry, with an emerging focus on the financial services sector. The company offers software, solutions and professional services for property & casualty (P&C); reinsurance; life, pension & annuity (L&A); workers' compensation (WC); medical professional liability (MPL); financial & compliance (F&C); and decision modelling for both insurance and financial markets. The group also provides services for project delivery and implementation services, for its Software Solutions portfolio. Geographically, it operates in the region of North America, United Kingdom, Israel, and other European countries and Rest of the World and derives the majority of its income from North American region.