BactiQuant AS (FRA:9JX) Receivables Turnover : 2.28 (As of Jun. 2024)

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What is BactiQuant AS 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. BactiQuant AS's Revenue for the six months ended in Jun. 2024 was €0.41 Mil. BactiQuant AS's average Accounts Receivable for the six months ended in Jun. 2024 was €0.18 Mil. Hence, BactiQuant AS's Receivables Turnover for the six months ended in Jun. 2024 was 2.28.

BactiQuant AS Receivables Turnover Historical Data

The historical data trend for BactiQuant AS'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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BactiQuant AS Receivables Turnover Chart

BactiQuant AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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17.81

17.55

7.89

2.95

2.83

BactiQuant AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial						2.20	1.53	1.32	2.27	2.28

Competitive Comparison of BactiQuant AS's Receivables Turnover

For the Pollution & Treatment Controls subindustry, BactiQuant AS'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.

BactiQuant AS's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, BactiQuant AS's Receivables Turnover distribution charts can be found below:

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

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BactiQuant AS Receivables Turnover Calculation

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

BactiQuant AS'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 )
=	1.651	/ (	(0.877	+	0.291)	/	2 )
=	1.651	/	0.584
=	2.83

BactiQuant AS'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 )
=	0.406	/ (	(0.291	+	0.065)	/	2 )
=	0.406	/	0.178
=	2.28

BactiQuant AS (FRA:9JX) 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.

BactiQuant AS Receivables Turnover Related Terms

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BactiQuant AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » BactiQuant AS (FRA:9JX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BACTIQ:Denmark

Address

Blokken 75, Birkeroed, DNK, DK-3460

Website

https://www.bactiquant.com

BactiQuant AS focuses on delivering technology that ensures optimum usage and handling of water around the world. The company's activities include the development, production, sale and service of BactiQuant Online and BactiQuant Mobile Lab with associated test kits/substrate for the quantification and detection of bacteria in water. Its segments are Aquaculture, Data Centres, Oil & Gas, Water Utility, Industry, and Pharma. The group's products are BQ Online 2.0 PRO, BQ Online, BQ Mobile Lab, and Analysis Kits.

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