BMIT Technologies (MAL:BMIT) Receivables Turnover : 7.69 (As of Dec. 2023)

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What is BMIT Technologies 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. BMIT Technologies's Revenue for the six months ended in Dec. 2023 was €13.83 Mil. BMIT Technologies's average Accounts Receivable for the six months ended in Dec. 2023 was €1.80 Mil. Hence, BMIT Technologies's Receivables Turnover for the six months ended in Dec. 2023 was 7.69.

BMIT Technologies Receivables Turnover Historical Data

The historical data trend for BMIT Technologies'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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BMIT Technologies Receivables Turnover Chart

BMIT Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.06

12.62

18.67

36.57

29.92

BMIT Technologies Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							7.92	7.09	7.00	9.05	7.69

Competitive Comparison of BMIT Technologies's Receivables Turnover

For the Information Technology Services subindustry, BMIT Technologies'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.

BMIT Technologies's Receivables Turnover Distribution in the Software Industry

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

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

BMIT Technologies Receivables Turnover Calculation

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

BMIT Technologies'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 )
=	28.666	/ (	(0.799	+	1.117)	/	2 )
=	28.666	/	0.958
=	29.92

BMIT Technologies's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	13.829	/ (	(2.479	+	1.117)	/	2 )
=	13.829	/	1.798
=	7.69

BMIT Technologies (MAL:BMIT) 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.

BMIT Technologies Receivables Turnover Related Terms

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BMIT Technologies (MAL:BMIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BMIT Technologies PLC (MAL:BMIT) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Building SCM 02, Level 2, SmartCity Ricasoli, SCM, Kalkara, MLT, 1001

Website

https://www.bmit.com.mt

BMIT Technologies PLC, through its subsidiaries, is involved in providing data center services, Information and Communication Technologies, Cloud services, and Infrastructure and support services among others. The company serves services to various industries including online gaming, financial services, ICT, manufacturing, media, transportation, retail, and hospitality. The Group's revenues are derived predominantly from operations carried out in Malta. However, it also derives revenue from companies operating out of Malta.

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