Kruk (FRA:83I) Receivables Turnover : 22.66 (As of Mar. 2024)

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What is Kruk 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. Kruk's Revenue for the three months ended in Mar. 2024 was €121.0 Mil. Kruk's average Accounts Receivable for the three months ended in Mar. 2024 was €5.3 Mil. Hence, Kruk's Receivables Turnover for the three months ended in Mar. 2024 was 22.66.

Kruk Receivables Turnover Historical Data

The historical data trend for Kruk'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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Kruk Receivables Turnover Chart

Kruk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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43.95

56.91

60.60

82.90

95.79

Kruk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															30.16	28.36	24.06	20.23	22.66

Competitive Comparison of Kruk's Receivables Turnover

For the Credit Services subindustry, Kruk'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.

Kruk's Receivables Turnover Distribution in the Credit Services Industry

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

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

Kruk Receivables Turnover Calculation

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

Kruk'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 )
=	427.096	/ (	(3.101	+	5.816)	/	2 )
=	427.096	/	4.4585
=	95.79

Kruk'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 )
=	120.95	/ (	(5.816	+	4.857)	/	2 )
=	120.95	/	5.3365
=	22.66

Kruk (FRA:83I) 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.

Kruk Receivables Turnover Related Terms

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Kruk (FRA:83I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Kruk SA (FRA:83I) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KRU:Poland 0Q3Y:UK

Address

ul. Wolowska 8, Wroclaw, POL, 51-116

Website

https://www.pl.kruk.eu

Kruk SA is the leader in the debt collection industry. It manages debts purchased on its own account and contracted by third parties. The group manages bank debt (the main client category), debts owed to loan brokers, insurance companies, leasing firms, fixed-line and mobile phone operators, cable TV companies, digital TV platforms and FMCG companies. It operates in three segments consumer debts, mortgage debts and corporate debts. Consumer debts include retail and unsecured. Mortgage debts include retail, and secured. Corporate debts include mortgage-backed and non-mortgage-backed. Aside from Poland, Kruk is present in Romania, the Czech Republic, Slovakia, Germany, Spain and Italy.

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