Smarttech247 Group (FRA:XW4) Receivables Turnover : 1.43 (As of Jan. 2024)

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What is Smarttech247 Group 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. Smarttech247 Group's Revenue for the six months ended in Jan. 2024 was €5.35 Mil. Smarttech247 Group's average Accounts Receivable for the six months ended in Jan. 2024 was €3.74 Mil. Hence, Smarttech247 Group's Receivables Turnover for the six months ended in Jan. 2024 was 1.43.

Smarttech247 Group Receivables Turnover Historical Data

The historical data trend for Smarttech247 Group'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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Smarttech247 Group Receivables Turnover Chart

Smarttech247 Group Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

5.07

5.00

2.82

2.23

2.34

Smarttech247 Group Semi-Annual Data
	Jul19	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Receivables Turnover	Get a 7-Day Free Trial				1.53	1.98	1.33	2.20	1.43

Competitive Comparison of Smarttech247 Group's Receivables Turnover

For the Software - Infrastructure subindustry, Smarttech247 Group'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.

Smarttech247 Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Smarttech247 Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Smarttech247 Group's Receivables Turnover falls into.

Smarttech247 Group Receivables Turnover Calculation

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

Smarttech247 Group's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	12.18	/ (	(5.237	+	5.194)	/	2 )
=	12.18	/	5.2155
=	2.34

Smarttech247 Group's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	5.35	/ (	(5.194	+	2.29)	/	2 )
=	5.35	/	3.742
=	1.43

Smarttech247 Group (FRA:XW4) 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.

Smarttech247 Group Receivables Turnover Related Terms

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Smarttech247 Group Business Description

Industry

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Traded in Other Exchanges

S247:UK

Address

165 Fleet Street, London, GBR, EC4A 2DY

Website

https://www.smarttech247.com

Smarttech247 Group PLC is an automated managed detection and response company. Its platform is trusted by organizations world-wide and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response. The company's service is geared towards proactive prevention and it achieves this by utilizing the latest in cloud, big data analytics and machine learning, along with an experienced response team.

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