Creotech Instruments (FRA:5OB) Receivables Turnover : 0.49 (As of Sep. 2024)

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What is Creotech Instruments 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. Creotech Instruments's Revenue for the three months ended in Sep. 2024 was €0.92 Mil. Creotech Instruments's average Accounts Receivable for the three months ended in Sep. 2024 was €1.86 Mil. Hence, Creotech Instruments's Receivables Turnover for the three months ended in Sep. 2024 was 0.49.

Creotech Instruments Receivables Turnover Historical Data

The historical data trend for Creotech Instruments'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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Creotech Instruments Receivables Turnover Chart

Creotech Instruments Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.00

6.39

5.78

3.58

6.22

Creotech Instruments Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial													0.93	0.88	1.15	0.76	0.49

Competitive Comparison of Creotech Instruments's Receivables Turnover

For the Aerospace & Defense subindustry, Creotech Instruments'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.

Creotech Instruments's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Creotech Instruments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Creotech Instruments's Receivables Turnover falls into.

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Creotech Instruments Receivables Turnover Calculation

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

Creotech Instruments'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 )
=	7.642	/ (	(1.18	+	1.278)	/	2 )
=	7.642	/	1.229
=	6.22

Creotech Instruments's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	0.916	/ (	(1.95	+	1.774)	/	2 )
=	0.916	/	1.862
=	0.49

Creotech Instruments (FRA:5OB) 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.

Creotech Instruments Receivables Turnover Related Terms

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Creotech Instruments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Creotech Instruments SA (FRA:5OB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CRI:Poland

Address

Gen. L. Okulickiego 7/9, Piaseczno, POL, 05-500

Website

https://www.creotech.pl

Creotech Instruments SA is a provider of advanced space technologies, specialized electronics, and hardware with global applications in areas such as quantum computers, quantum cryptography, quantum physics, and high energy physics laboratories. Its five primary business segments are: NewSpace dedicated to developing a satellite platform and its components; Earth Observation dedicated to developing Earth Observation systems and UAV technology (Unmanned Aerial Vehicle); Science dedicated to developing specialized electronics and components for quantum computers and time synchronization systems; Production dedicated to the manufacture of electronics; ESA Projects dedicated chiefly to projects carried in partnership with or/and commissioned by the European Space Agency (ESA).

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