Bike24 Holding AG (LTS:0AAT) Receivables Turnover : 27.47 (As of Dec. 2024)

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What is Bike24 Holding 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. Bike24 Holding AG's Revenue for the three months ended in Dec. 2024 was €50.3 Mil. Bike24 Holding AG's average Accounts Receivable for the three months ended in Dec. 2024 was €1.8 Mil. Hence, Bike24 Holding AG's Receivables Turnover for the three months ended in Dec. 2024 was 27.47.

Bike24 Holding AG Receivables Turnover Historical Data

The historical data trend for Bike24 Holding 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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Bike24 Holding AG Receivables Turnover Chart

Bike24 Holding AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

100.03

103.20

78.01

85.99

180.69

Bike24 Holding AG Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial														33.21	34.17	41.47	30.04	27.47

Competitive Comparison of Bike24 Holding AG's Receivables Turnover

For the Internet Retail subindustry, Bike24 Holding 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.

Bike24 Holding AG's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Bike24 Holding AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bike24 Holding AG's Receivables Turnover falls into.

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Bike24 Holding AG Receivables Turnover Calculation

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

Bike24 Holding AG's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	226.311	/ (	(1.416	+	1.089)	/	2 )
=	226.311	/	1.2525
=	180.69

Bike24 Holding AG's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	50.34	/ (	(2.576	+	1.089)	/	2 )
=	50.34	/	1.8325
=	27.47

Bike24 Holding AG (LTS:0AAT) 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.

Bike24 Holding AG Receivables Turnover Related Terms

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Bike24 Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Bike24 Holding AG (LTS:0AAT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BIKE:Germany

Address

Breitscheidstrasse 40, Dresden, DEU, 01237

Website

https://www.bike24.com

Bike24 Holding AG offers an e-commerce platform in Europe. Its online shop offers customers a range of bike products in the European market, including parts, accessories, and clothing, traditional bikes and e-bikes, as well as adjacent sports, electric and outdoor products. It operates in the Full Bikes product segment. Its geographic segment is Germany, Austria, and Switzerland, the Rest of Europe, Rest of the world, and the majority of the revenue comes from Germany. Its Brands include Asics, Cube, Endura, Fox, Garmin, and others.

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