Panamax AG (FRA:ICP) Receivables Turnover : 4.66 (As of Jun. 2024)

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What is Panamax AG 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. Panamax AG's Revenue for the six months ended in Jun. 2024 was €0.50 Mil. Panamax AG's average Accounts Receivable for the six months ended in Jun. 2024 was €0.11 Mil. Hence, Panamax AG's Receivables Turnover for the six months ended in Jun. 2024 was 4.66.

Panamax AG Receivables Turnover Historical Data

The historical data trend for Panamax AG'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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Panamax AG Receivables Turnover Chart

Panamax AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.78

4.14

0.06

4.13

Panamax AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.47	-	1.45	1.61	4.66

Competitive Comparison of Panamax AG's Receivables Turnover

For the Asset Management subindustry, Panamax AG'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.

Panamax AG's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Panamax AG's Receivables Turnover distribution charts can be found below:

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

Panamax AG Receivables Turnover Calculation

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

Panamax AG'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 )
=	0.248	/ (	(0.012	+	0.108)	/	2 )
=	0.248	/	0.06
=	4.13

Panamax AG'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 )
=	0.503	/ (	(0.108	+	0)	/	1 )
=	0.503	/	0.108
=	4.66

Panamax AG (FRA:ICP) 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.

Panamax AG Receivables Turnover Related Terms

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Panamax AG Business Description

Industry

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ICP:Germany

Address

Strasse 10, Muenchener, Frankfurt am Main, Frankfurt, HE, DEU, 60329

Website

https://www.panamax.ag

Panamax Aktiengesellschaft is a Germany-based investment company. It focuses on investing in various sectors, such as environmental technology, financial services, IT, e-business, health products, as well as services and products for small children and babies. The corporate purpose of Panamax Aktiengesellschaft is the formation of corporations and partnerships as well as the acquisition, management, and sale of investments in corporations and partnerships, exclusively in its own name and with its own assets and the provision of management services, in particular accounting, controlling, non-regulatory financing services and marketing.

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