Adesso SE (Adesso SE) Receivables Turnover : 3.53 (As of Dec. 2023)

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What is Adesso SE 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. Adesso SE's Revenue for the six months ended in Dec. 2023 was $643 Mil. Adesso SE's average Accounts Receivable for the six months ended in Dec. 2023 was $182 Mil. Hence, Adesso SE's Receivables Turnover for the six months ended in Dec. 2023 was 3.53.

Adesso SE Receivables Turnover Historical Data

The historical data trend for Adesso SE'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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Adesso SE Receivables Turnover Chart

Adesso SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.51

6.10

6.17

6.00

6.51

Adesso SE Semi-Annual Data
	Jun14	Dec14	Jun15	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															3.00	3.19	3.24	3.39	3.53

Competitive Comparison of Adesso SE's Receivables Turnover

For the Information Technology Services subindustry, Adesso SE'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.

Adesso SE's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Adesso SE's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Adesso SE's Receivables Turnover falls into.

Adesso SE Receivables Turnover Calculation

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

Adesso SE'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 )
=	1238.716	/ (	(182.468	+	198.357)	/	2 )
=	1238.716	/	190.4125
=	6.51

Adesso SE'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 )
=	642.974	/ (	(166.317	+	198.357)	/	2 )
=	642.974	/	182.337
=	3.53

Adesso SE (OTCPK:ADSGF) 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.

Adesso SE Receivables Turnover Related Terms

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Adesso SE (Adesso SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Adesso SE (OTCPK:ADSGF) » Definitions » Receivables Turnover

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ADN1d:UK ADN1:Germany

Address

Adessoplatz 1, Dortmund, NW, DEU, 44269

Website

https://www.adesso.de

Adesso SE is a German IT service provider company. The company offers consulting and software development services for optimising core business processes. It also offers ready-to-use software products for standard applications. The company generates most of its sales revenue through consulting and software development in Germany. It has two segments, namely, IT Services and IT Solutions. The IT Services segment offers customised, project-oriented services in the areas of consulting and software development. The IT Solutions segment markets its own solutions as homegrown products or standard software products. The IT service segment generates majority of revenue.

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