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Innovative Solutions Ecosystem (FRA:GPPB) Receivables Turnover : 3.29 (As of Jun. 2023)


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What is Innovative Solutions Ecosystem 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. Innovative Solutions Ecosystem's Revenue for the six months ended in Jun. 2023 was €4.69 Mil. Innovative Solutions Ecosystem's average Accounts Receivable for the six months ended in Jun. 2023 was €1.42 Mil. Hence, Innovative Solutions Ecosystem's Receivables Turnover for the six months ended in Jun. 2023 was 3.29.

Innovative Solutions Ecosystem Receivables Turnover Historical Data

The historical data trend for Innovative Solutions Ecosystem'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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Innovative Solutions Ecosystem Receivables Turnover Chart

Innovative Solutions Ecosystem Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Jun22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.01 6.79 6.90 4.97 4.02

Innovative Solutions Ecosystem Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.33 2.48 2.30 3.61 3.29

Competitive Comparison of Innovative Solutions Ecosystem's Receivables Turnover

For the Specialty Business Services subindustry, Innovative Solutions Ecosystem'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.

Innovative Solutions Ecosystem's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Innovative Solutions Ecosystem's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Innovative Solutions Ecosystem's Receivables Turnover falls into.


Innovative Solutions Ecosystem Receivables Turnover Calculation

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

Innovative Solutions Ecosystem's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

Receivables Turnover (A: Jun. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2022 ) / ((Accounts Receivable (A: Dec. 2020 ) + Accounts Receivable (A: Jun. 2022 )) / count )
=6.631 / ((1.537 + 1.762) / 2 )
=6.631 / 1.6495
=4.02

Innovative Solutions Ecosystem's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=4.689 / ((1.116 + 1.733) / 2 )
=4.689 / 1.4245
=3.29

* 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.

Innovative Solutions Ecosystem  (FRA:GPPB) 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.

Innovative Solutions Ecosystem Receivables Turnover Related Terms

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Innovative Solutions Ecosystem (FRA:GPPB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Innovative Solutions Ecosystem SA (FRA:GPPB) » Definitions » Receivables Turnover
Comparable Companies
XMAD:ISUR XMAD:LIB XMAD:MTB XMAD:CEV XMAD:NYE TSX:TRI CTAS XAMS:WKL GPN LSE:RTO XPAR:SW XPAR:TEP ASX:BXB ARMK LSE:ITRK DLB TSX:RBA SHSE:600153 TSE:7912 IAA
Traded in Other Exchanges
N/A
Address
c/ Salcedo 6,, Madrid, ESP, 28034
Website
https://www.innovative-ecosystem.com
Innovative Solutions Ecosystem SA provides innovative solutions in the areas of data management and security, cryptography and related applications, and other technologies that facilitate data security and the communication of organizations with customers and stakeholders.

Innovative Solutions Ecosystem (FRA:GPPB) Headlines

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