Sequans Communications (Sequans Communications) Receivables Turnover : 0.90 (As of Sep. 2023)

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What is Sequans Communications 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. Sequans Communications's Revenue for the three months ended in Sep. 2023 was $7.79 Mil. Sequans Communications's average Accounts Receivable for the three months ended in Sep. 2023 was $8.64 Mil. Hence, Sequans Communications's Receivables Turnover for the three months ended in Sep. 2023 was 0.90.

Sequans Communications Receivables Turnover Historical Data

The historical data trend for Sequans Communications'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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Sequans Communications Receivables Turnover Chart

Sequans Communications Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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2.64

2.88

3.97

3.29

5.48

Sequans Communications Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.27	1.24	1.96	1.15	0.90

Competitive Comparison of Sequans Communications's Receivables Turnover

For the Semiconductors subindustry, Sequans Communications'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.

Sequans Communications's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sequans Communications's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sequans Communications's Receivables Turnover falls into.

Sequans Communications Receivables Turnover Calculation

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

Sequans Communications'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 )
=	60.551	/ (	(13.622	+	8.494)	/	2 )
=	60.551	/	11.058
=	5.48

Sequans Communications's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	7.786	/ (	(12.307	+	4.976)	/	2 )
=	7.786	/	8.6415
=	0.90

Sequans Communications (NYSE:SQNS) 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.

Sequans Communications Receivables Turnover Related Terms

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Sequans Communications (Sequans Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sequans Communications SA (NYSE:SQNS) » Definitions » Receivables Turnover

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6SQB:Germany

Address

15-55 Boulevard Charles de Gaulle, Colombes, FRA, 92700

Website

https://www.sequans.com

Sequans Communications SA is a designer, developer, and supplier of cellular semiconductor solutions for broadband Internet of Things (IoT) markets. Its solutions incorporate baseband processor and radio frequency, transceiver integrated circuits, along with its proprietary signal processing techniques, algorithms, and software stacks. The company's solutions serve as the core wireless broadband communications platform in devices, including smartphones, USB dongles, portable routers, laptops, netbooks, tablets, and other consumer multimedia and industrial devices. Its geographical segments are Taiwan, Korea, China (including Hong Kong), the Rest of Asia, the United States, and the Rest of the world.