CTS Eventim AG. KGaA (FRA:EVD) Receivables Turnover : 11.38 (As of Dec. 2023)

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What is CTS Eventim AG. KGaA 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. CTS Eventim AG. KGaA's Revenue for the three months ended in Dec. 2023 was €1,629 Mil. CTS Eventim AG. KGaA's average Accounts Receivable for the three months ended in Dec. 2023 was €143 Mil. Hence, CTS Eventim AG. KGaA's Receivables Turnover for the three months ended in Dec. 2023 was 11.38.

CTS Eventim AG. KGaA Receivables Turnover Historical Data

The historical data trend for CTS Eventim AG. KGaA'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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CTS Eventim AG. KGaA Receivables Turnover Chart

CTS Eventim AG. KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.53

2.62

5.15

14.04

14.53

CTS Eventim AG. KGaA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															8.58	2.73	5.23	-	11.38

Competitive Comparison of CTS Eventim AG. KGaA's Receivables Turnover

For the Entertainment subindustry, CTS Eventim AG. KGaA'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.

CTS Eventim AG. KGaA's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, CTS Eventim AG. KGaA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CTS Eventim AG. KGaA's Receivables Turnover falls into.

CTS Eventim AG. KGaA Receivables Turnover Calculation

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

CTS Eventim AG. KGaA'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 )
=	2358.552	/ (	(158.378	+	166.335)	/	2 )
=	2358.552	/	162.3565
=	14.53

CTS Eventim AG. KGaA's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1629.257	/ (	(120.104	+	166.335)	/	2 )
=	1629.257	/	143.2195
=	11.38

CTS Eventim AG. KGaA (FRA:EVD) 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.

CTS Eventim AG. KGaA Receivables Turnover Related Terms

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CTS Eventim AG. KGaA (FRA:EVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CTS Eventim AG & Co. KGaA (FRA:EVD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CEVMY:USA CEVMF:USA EVDd:UK 0EEE:UK EVD:Germany EVD:Austria

Address

Contrescarpe 75 A, Bremen, HB, DEU, 28195

Website

https://www.eventim.de

CTS Eventim AG & Co. KGaA is a diversified media company that focuses on the ticketing market. The business is divided into two segments, ticketing, and live entertainment. The ticketing segment produces, sells, and distributes tickets for a variety of leisure-based events. The company sells tickets for concerts, sports, theater events, and provides travel services as well. The live entertainment business segment plans and organizes tour events, largely for music-based concerts. The company generates the vast majority of its revenue in Germany.

CTS Eventim AG. KGaA (FRA:EVD) Headlines

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