Jumia Technologies AG (LTS:0A44) Receivables Turnover : 2.60 (As of Mar. 2024)

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What is Jumia Technologies 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. Jumia Technologies AG's Revenue for the three months ended in Mar. 2024 was $48.9 Mil. Jumia Technologies AG's average Accounts Receivable for the three months ended in Mar. 2024 was $18.8 Mil. Hence, Jumia Technologies AG's Receivables Turnover for the three months ended in Mar. 2024 was 2.60.

Jumia Technologies AG Receivables Turnover Historical Data

The historical data trend for Jumia Technologies 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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Jumia Technologies AG Receivables Turnover Chart

Jumia Technologies AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.72

11.74

16.64

11.59

8.06

Jumia Technologies AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.89	2.27	2.16	2.20	2.60

Competitive Comparison of Jumia Technologies AG's Receivables Turnover

For the Internet Retail subindustry, Jumia Technologies 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.

Jumia Technologies AG's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Jumia Technologies AG's Receivables Turnover distribution charts can be found below:

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

Jumia Technologies AG Receivables Turnover Calculation

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

Jumia Technologies 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 )
=	186.402	/ (	(23.101	+	23.157)	/	2 )
=	186.402	/	23.129
=	8.06

Jumia Technologies AG's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	48.893	/ (	(23.157	+	14.428)	/	2 )
=	48.893	/	18.7925
=	2.60

Jumia Technologies AG (LTS:0A44) 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.

Jumia Technologies AG Receivables Turnover Related Terms

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Jumia Technologies AG (LTS:0A44) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jumia Technologies AG (LTS:0A44) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

JMIA:USA JMIA:Mexico 4JMA:Germany JMIA:Austria

Address

Skalitzer Strasse 104, Berlin, BB, DEU, 10997

Website

https://www.group.jumia.com

Jumia Technologies AG is the pan-African e-commerce platform. The company's platform consists of a marketplace, which connects sellers with consumers. Its logistics service enables the shipment and delivery of packages from sellers to consumers, and the company's payment service facilitates transactions among participants active on its platform in selected markets. Jumia generates revenue from Sales of goods, Commissions, Fulfillment, Value-added services, and Marketing & Advertising. Its geographical segments are West Africa, North Africa, East & South Africa, Europe, and United Arab Emirates. The firm generates majority of its revenue from the West Africa segment.

Jumia Technologies AG (LTS:0A44) Headlines

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