Expert .AI SpA (FRA:3K2) Receivables Turnover : 0.77 (As of Jun. 2023)

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What is Expert .AI SpA 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. Expert .AI SpA's Revenue for the six months ended in Jun. 2023 was €12.01 Mil. Expert .AI SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €15.69 Mil. Hence, Expert .AI SpA's Receivables Turnover for the six months ended in Jun. 2023 was 0.77.

Expert .AI SpA Receivables Turnover Historical Data

The historical data trend for Expert .AI SpA'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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Expert .AI SpA Receivables Turnover Chart

Expert .AI SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.76

1.47

1.35

1.42

1.79

Expert .AI SpA 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															0.69	0.81	0.60	0.77	1.08

Competitive Comparison of Expert .AI SpA's Receivables Turnover

For the Software - Application subindustry, Expert .AI SpA'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.

Expert .AI SpA's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Expert .AI SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Expert .AI SpA's Receivables Turnover falls into.

Expert .AI SpA Receivables Turnover Calculation

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

Expert .AI SpA'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 )
=	21.908	/ (	(15.948	+	14.883)	/	2 )
=	21.908	/	15.4155
=	1.42

Expert .AI SpA's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	12.012	/ (	(14.883	+	16.5)	/	2 )
=	12.012	/	15.6915
=	0.77

Expert .AI SpA (FRA:3K2) 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.

Expert .AI SpA Receivables Turnover Related Terms

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Expert .AI SpA (FRA:3K2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Expert .AI SpA (FRA:3K2) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EXAI:Italy 3K2:Germany

Address

Via Virgilio, 56/Q, Modena, ITA, 41123

Website

https://www.expert.ai

Expert .AI SpA is an artificial intelligence platform for language understanding. Its platform for Natural Language combines symbolic human-like comprehension and machine learning to transform language-intensive processes into practical knowledge, providing the insight required to improve decision making throughout organizations. It offers full range of on-premise, private and public cloud offerings, expert.ai augments business operations, accelerates and scales data science capabilities and simplifies AI adoption across a vast range of industries including Insurance, Banking & Finance, Publishing & Media, Defense & Intelligence, Life Science & Pharma, Oil Gas & Energy, and more.

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