Fast Finance24 Holding AG (XTER:FF24) Receivables Turnover : 0.01 (As of Dec. 2021)

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What is Fast Finance24 Holding AG 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. Fast Finance24 Holding AG's Revenue for the three months ended in Dec. 2021 was €0.17 Mil. Fast Finance24 Holding AG's average Accounts Receivable for the three months ended in Dec. 2021 was €19.43 Mil. Hence, Fast Finance24 Holding AG's Receivables Turnover for the three months ended in Dec. 2021 was 0.01.

Fast Finance24 Holding AG Receivables Turnover Historical Data

The historical data trend for Fast Finance24 Holding AG'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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Fast Finance24 Holding AG Receivables Turnover Chart

Fast Finance24 Holding AG Annual Data

Trend

Dec12

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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0.10

Fast Finance24 Holding AG Quarterly Data
	Dec13	Jun14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Dec22
Receivables Turnover	Get a 7-Day Free Trial															0.80	-	0.84	0.01	-

Competitive Comparison of Fast Finance24 Holding AG's Receivables Turnover

For the Credit Services subindustry, Fast Finance24 Holding AG'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.

Fast Finance24 Holding AG's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Fast Finance24 Holding AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fast Finance24 Holding AG's Receivables Turnover falls into.

Fast Finance24 Holding AG Receivables Turnover Calculation

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

Fast Finance24 Holding AG's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	2.057	/ (	(38.847	+	0.847)	/	2 )
=	2.057	/	19.847
=	0.10

Fast Finance24 Holding AG's Receivables Turnover for the quarter that ended in Dec. 2021 is calculated as

	Receivables Turnover (Q: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2021 )	/ (	(Accounts Receivable (Q: Sep. 2021 )	+	Accounts Receivable (Q: Dec. 2021 ))	/	count )
=	0.169	/ (	(0.014	+	38.847)	/	2 )
=	0.169	/	19.4305
=	0.01

Fast Finance24 Holding AG (XTER:FF24) 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.

Fast Finance24 Holding AG Receivables Turnover Related Terms

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Fast Finance24 Holding AG (XTER:FF24) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fast Finance24 Holding AG (XTER:FF24) » Definitions » Receivables Turnover

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Address

Uhlandstrasse 165/166, Berlin, DEU, 10719

Website

https://www.fastfinance24.com

Fast Finance24 Holding AG is involved in providing different online products for consumer credits such as FF24 Rent, FF24 payments and FF24 Pay offering financial services to benefit the underbanked people facing a short-term economic issue. It also consists of other products such as FF24 Trade, FF24 invest and OK.de. FF24 Rent platform is optimised for both desktop and mobile devices. This means that a customer can instantly request a loan on the go, whenever and wherever he needs it.

Fast Finance24 Holding AG (XTER:FF24) Headlines

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