NowVertical Group (FRA:5XQ) Receivables Turnover : 1.84 (As of Mar. 2024)

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What is NowVertical Group 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. NowVertical Group's Revenue for the three months ended in Mar. 2024 was €11.91 Mil. NowVertical Group's average Accounts Receivable for the three months ended in Mar. 2024 was €6.46 Mil. Hence, NowVertical Group's Receivables Turnover for the three months ended in Mar. 2024 was 1.84.

NowVertical Group Receivables Turnover Historical Data

The historical data trend for NowVertical Group'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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NowVertical Group Receivables Turnover Chart

NowVertical Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

12.13

12.67

9.26

NowVertical Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								2.27	2.00	1.83	-	1.84

Competitive Comparison of NowVertical Group's Receivables Turnover

For the Software - Infrastructure subindustry, NowVertical Group'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.

NowVertical Group's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where NowVertical Group's Receivables Turnover falls into.

NowVertical Group Receivables Turnover Calculation

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

NowVertical Group'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 )
=	47.411	/ (	(3.567	+	6.678)	/	2 )
=	47.411	/	5.1225
=	9.26

NowVertical Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	11.911	/ (	(6.678	+	6.235)	/	2 )
=	11.911	/	6.4565
=	1.84

NowVertical Group (FRA:5XQ) 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.

NowVertical Group Receivables Turnover Related Terms

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NowVertical Group (FRA:5XQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NowVertical Group Inc (FRA:5XQ) » Definitions » Receivables Turnover

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Traded in Other Exchanges

NOWVF:USA NOW:Canada

Address

7750 Okeechobee boulevard, Suite 4-2024, West Palm Beach, FL, USA, 33411

Website

https://www.nowvertical.com

NowVertical Group Inc is a company specializing in accretive data analytics software and services. It is a global data software and services company that helps businesses by helping its clients understand, manage and utilize their data. It has the following operating segments: Technology and Solutions. The company earns the majority of the revenue from the Solutions segment.

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