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ABO-Group Environment NV (LTS:0QXA) Receivables Turnover : 2.51 (As of Jun. 2024)


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What is ABO-Group Environment NV 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. ABO-Group Environment NV's Revenue for the six months ended in Jun. 2024 was €45.58 Mil. ABO-Group Environment NV's average Accounts Receivable for the six months ended in Jun. 2024 was €18.13 Mil. Hence, ABO-Group Environment NV's Receivables Turnover for the six months ended in Jun. 2024 was 2.51.


ABO-Group Environment NV Receivables Turnover Historical Data

The historical data trend for ABO-Group Environment NV'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.

* Premium members only.

ABO-Group Environment NV Receivables Turnover Chart

ABO-Group Environment NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.44 4.73 5.65 5.21 5.06

ABO-Group Environment NV Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.56 2.26 2.57 2.43 2.51

Competitive Comparison of ABO-Group Environment NV's Receivables Turnover

For the Engineering & Construction subindustry, ABO-Group Environment NV'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.


ABO-Group Environment NV's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, ABO-Group Environment NV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ABO-Group Environment NV's Receivables Turnover falls into.



ABO-Group Environment NV Receivables Turnover Calculation

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

ABO-Group Environment NV'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 )
=83.62 / ((14.035 + 19.011) / 2 )
=83.62 / 16.523
=5.06

ABO-Group Environment NV's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=45.579 / ((19.011 + 17.255) / 2 )
=45.579 / 18.133
=2.51

* 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.


ABO-Group Environment NV  (LTS:0QXA) 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.


ABO-Group Environment NV Receivables Turnover Related Terms

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ABO-Group Environment NV Business Description

Traded in Other Exchanges
Address
Derbystraat 255, Gent, BEL, 9051
ABO-Group Environment NV is engaged in developing environmental companies providing testing and engineering in areas including soil, environment, geotechnical, energy and waste management.

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