TravelSky Technology (FRA:TVL) Receivables Turnover : 0.79 (As of Dec. 2023)

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What is TravelSky Technology 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. TravelSky Technology's Revenue for the six months ended in Dec. 2023 was €472.1 Mil. TravelSky Technology's average Accounts Receivable for the six months ended in Dec. 2023 was €595.5 Mil. Hence, TravelSky Technology's Receivables Turnover for the six months ended in Dec. 2023 was 0.79.

TravelSky Technology Receivables Turnover Historical Data

The historical data trend for TravelSky Technology'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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TravelSky Technology Receivables Turnover Chart

TravelSky Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.90

1.25

1.41

1.32

1.58

TravelSky Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.65	0.57	0.69	0.73	0.79

Competitive Comparison of TravelSky Technology's Receivables Turnover

For the Information Technology Services subindustry, TravelSky Technology'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.

TravelSky Technology's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where TravelSky Technology's Receivables Turnover falls into.

TravelSky Technology Receivables Turnover Calculation

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

TravelSky Technology'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 )
=	896.92	/ (	(553.047	+	580.431)	/	2 )
=	896.92	/	566.739
=	1.58

TravelSky Technology'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	472.138	/ (	(610.497	+	580.431)	/	2 )
=	472.138	/	595.464
=	0.79

TravelSky Technology (FRA:TVL) 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.

TravelSky Technology Receivables Turnover Related Terms

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TravelSky Technology (FRA:TVL) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » TravelSky Technology Ltd (FRA:TVL) » Definitions » Receivables Turnover

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TSYHY:USA TSYHF:USA 00696:Hong Kong TVL:Germany

Address

7 Yu Min Da Street, Houshayu Town, Shunyi District, Beijing, CHN, 101318

Website

https://www.travelskyir.com

TravelSky Technology Ltd provides information technology solutions for aviation and travel companies in China. The company develops commercial airlines, airports, air travel products, and is a services supplier to travel agencies, corporate clients, travelers, and cargo shippers--to conduct electronic transactions and manage travel-related information. The core businesses of the company include aviation information technology services, distribution of information technology services, and clearing & accounting & settlement services for the aviation industry. Aviation information technology service revenue contributes approximately half the company's total revenue.

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