EDNMY (Edenred SE) Receivables Turnover : 0.47 (As of Jun. 2024)

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What is Edenred 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. Edenred SE's Revenue for the six months ended in Jun. 2024 was $1,502 Mil. Edenred SE's average Accounts Receivable for the six months ended in Jun. 2024 was $3,176 Mil. Hence, Edenred SE's Receivables Turnover for the six months ended in Jun. 2024 was 0.47.

Edenred SE Receivables Turnover Historical Data

The historical data trend for Edenred 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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Edenred SE Receivables Turnover Chart

Edenred SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.81

0.82

0.94

Edenred SE Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.38	0.42	0.45	0.51	0.47

Competitive Comparison of Edenred SE's Receivables Turnover

For the Credit Services subindustry, Edenred 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.

Edenred SE's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Edenred SE's Receivables Turnover distribution charts can be found below:

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

Edenred SE Receivables Turnover Calculation

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

Edenred 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 )
=	2741.549	/ (	(2822.034	+	3040.349)	/	2 )
=	2741.549	/	2931.1915
=	0.94

Edenred SE's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	1501.615	/ (	(3040.349	+	3311.087)	/	2 )
=	1501.615	/	3175.718
=	0.47

Edenred SE (OTCPK:EDNMY) 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.

Edenred SE Receivables Turnover Related Terms

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Edenred SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Edenred SE (OTCPK:EDNMY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EDNMF:USA EDENp:UK 0MUM:UK EDEN:France QSV:Germany EDEN:Austria

Address

14-16 Boulevard Garibaldi, Issy-les-Moulineaux, Paris, FRA, 92130

Website

https://www.edenred.com

Edenred is a France-listed prepaid corporate services provider operating in 45 countries. The company was listed in 2010 following a spinoff from hotel group Accor. Edenred's main business, Ticket Restaurant, offers prepaid meal vouchers that employers provide to their employees as an additional benefit. The company is also involved in other areas such as prepaid fuel cards and payment and expense-management systems. Edenred is also moving "beyond" its historical services, adding wellbeing, gift, EV, toll and business to business accounts payable automation services.