Singulus Technologies AG (LTS:0RH3) Receivables Turnover : 7.58 (As of Jun. 2024)

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What is Singulus 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. Singulus Technologies AG's Revenue for the three months ended in Jun. 2024 was €20.10 Mil. Singulus Technologies AG's average Accounts Receivable for the three months ended in Jun. 2024 was €2.65 Mil. Hence, Singulus Technologies AG's Receivables Turnover for the three months ended in Jun. 2024 was 7.58.

Singulus Technologies AG Receivables Turnover Historical Data

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

Singulus Technologies AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.28

6.56

22.90

31.36

25.44

Singulus Technologies AG Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															8.90	-	8.91	-	7.58

Competitive Comparison of Singulus Technologies AG's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Singulus 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.

Singulus Technologies AG's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Singulus Technologies AG's Receivables Turnover distribution charts can be found below:

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

Singulus Technologies AG Receivables Turnover Calculation

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

Singulus 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 )
=	72.5	/ (	(2.8	+	2.9)	/	2 )
=	72.5	/	2.85
=	25.44

Singulus Technologies AG'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 )
=	20.1	/ (	(2.9	+	2.4)	/	2 )
=	20.1	/	2.65
=	7.58

Singulus Technologies AG (LTS:0RH3) 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.

Singulus Technologies AG Receivables Turnover Related Terms

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Singulus Technologies AG Business Description

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SNG:Germany

Address

Hanauer Landstrasse 103, Kahl am Main, BY, DEU, D-63796

Website

https://www.singulus.de

Singulus Technologies AG is an operating high-tech engineering Company. It focuses its activities on the development, manufacturing, and selling of machines, plants, and systems in the area of vacuum coating technology, surface technology, wet-chemical as well as thermal processing technology. The products and services include machine sales as well as service and replacement part activities. Its product portfolio comprises vacuum thin-film and plasma coating, wet-chemical cleaning, and thermal processing technology. The Company operates through three segments: Life Science, Solar, and Semiconductor. It generates the majority of its revenue from the solar segment. Geographically the company operates in Europe, North and South America, Asia, Africa, and Australia.

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