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Alpha Trust Andromeda Investment Trust (ATH:ANDRO) Receivables Turnover : 1.73 (As of Dec. 2023)


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What is Alpha Trust Andromeda Investment Trust 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. Alpha Trust Andromeda Investment Trust's Revenue for the six months ended in Dec. 2023 was €1.10 Mil. Alpha Trust Andromeda Investment Trust's average Accounts Receivable for the six months ended in Dec. 2023 was €0.64 Mil. Hence, Alpha Trust Andromeda Investment Trust's Receivables Turnover for the six months ended in Dec. 2023 was 1.73.


Alpha Trust Andromeda Investment Trust Receivables Turnover Historical Data

The historical data trend for Alpha Trust Andromeda Investment Trust'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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Alpha Trust Andromeda Investment Trust Receivables Turnover Chart

Alpha Trust Andromeda Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.71 29.88 - - 13.99

Alpha Trust Andromeda Investment Trust 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 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 Premium Member Only Premium Member Only Premium Member Only 4.66 - - - 1.73

Competitive Comparison of Alpha Trust Andromeda Investment Trust's Receivables Turnover

For the Asset Management subindustry, Alpha Trust Andromeda Investment Trust'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.


Alpha Trust Andromeda Investment Trust's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Alpha Trust Andromeda Investment Trust's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Alpha Trust Andromeda Investment Trust's Receivables Turnover falls into.



Alpha Trust Andromeda Investment Trust Receivables Turnover Calculation

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

Alpha Trust Andromeda Investment Trust'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 )
=8.924 / ((0 + 0.638) / 1 )
=8.924 / 0.638
=13.99

Alpha Trust Andromeda Investment Trust'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 )
=1.103 / ((0 + 0.638) / 1 )
=1.103 / 0.638
=1.73

* 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.


Alpha Trust Andromeda Investment Trust  (ATH:ANDRO) 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.


Alpha Trust Andromeda Investment Trust Receivables Turnover Related Terms

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Alpha Trust Andromeda Investment Trust (ATH:ANDRO) Business Description

Traded in Other Exchanges
N/A
Address
21, Tatoiou Street, Kifisia, Athens, GRC, 145 61
Alpha Trust Andromeda Investment Trust SA is a portfolio investment trust based in Greece. It engages in the management of financial assets. The investment portfolio includes listed domestic stock, Greek government bonds, corporate bonds, bonds, and derivatives.

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