Synergon Information Systems (FRA:SRRA) Receivables Turnover : 0.48 (As of Sep. 2015)

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What is Synergon Information Systems 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. Synergon Information Systems's Revenue for the three months ended in Sep. 2015 was €1.53 Mil. Synergon Information Systems's average Accounts Receivable for the three months ended in Sep. 2015 was €3.21 Mil. Hence, Synergon Information Systems's Receivables Turnover for the three months ended in Sep. 2015 was 0.48.

Synergon Information Systems Receivables Turnover Historical Data

The historical data trend for Synergon Information Systems'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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Synergon Information Systems Receivables Turnover Chart

Synergon Information Systems Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Receivables Turnover

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2.85

2.48

1.37

3.22

2.42

Synergon Information Systems Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Receivables Turnover	Get a 7-Day Free Trial															0.57	0.03	0.41	0.36	0.48

Competitive Comparison of Synergon Information Systems's Receivables Turnover

For the Information Technology Services subindustry, Synergon Information Systems'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.

Synergon Information Systems's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Synergon Information Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Synergon Information Systems's Receivables Turnover falls into.

Synergon Information Systems Receivables Turnover Calculation

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

Synergon Information Systems's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Receivables Turnover (A: Dec. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2014 )	/ (	(Accounts Receivable (A: Dec. 2013 )	+	Accounts Receivable (A: Dec. 2014 ))	/	count )
=	10.97	/ (	(5.355	+	3.707)	/	2 )
=	10.97	/	4.531
=	2.42

Synergon Information Systems's Receivables Turnover for the quarter that ended in Sep. 2015 is calculated as

	Receivables Turnover (Q: Sep. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2015 )	/ (	(Accounts Receivable (Q: Jun. 2015 )	+	Accounts Receivable (Q: Sep. 2015 ))	/	count )
=	1.531	/ (	(5.729	+	0.687)	/	2 )
=	1.531	/	3.208
=	0.48

Synergon Information Systems (FRA:SRRA) 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.

Synergon Information Systems Receivables Turnover Related Terms

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Synergon Information Systems (FRA:SRRA) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.synergon.hu

Synergon Information Systems PLC is engaged in information technology business. Synergon typically builds its IT-solutions satisfying even the most unique customer demands based on the products of the most significant hardware and software manufacturers.