Time People Group AB (NGM:TPGR) Receivables Turnover : 1.48 (As of Jan. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Time People Group AB 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. Time People Group AB's Revenue for the three months ended in Jan. 2024 was kr65.2 Mil. Time People Group AB's average Accounts Receivable for the three months ended in Jan. 2024 was kr44.0 Mil. Hence, Time People Group AB's Receivables Turnover for the three months ended in Jan. 2024 was 1.48.

Time People Group AB Receivables Turnover Historical Data

The historical data trend for Time People Group AB'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.

Time People Group AB Receivables Turnover Chart

Time People Group AB Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

Get a 7-Day Free Trial

5.16

5.35

4.14

4.91

4.98

Time People Group AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.49	1.46	1.28	1.84	1.48

Competitive Comparison of Time People Group AB's Receivables Turnover

For the Information Technology Services subindustry, Time People Group AB'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.

Time People Group AB's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Time People Group AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Time People Group AB's Receivables Turnover falls into.

Time People Group AB Receivables Turnover Calculation

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

Time People Group AB's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	314.402	/ (	(65.415	+	60.953)	/	2 )
=	314.402	/	63.184
=	4.98

Time People Group AB's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	65.187	/ (	(49.593	+	38.311)	/	2 )
=	65.187	/	43.952
=	1.48

Time People Group AB (NGM:TPGR) 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.

Time People Group AB Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Time People Group AB's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Time People Group AB (NGM:TPGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Time People Group AB (NGM:TPGR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsgatan 62, Stockholm, SWE, 111 22

Website

https://www.timepeoplegroup.com

Time People Group AB conducts consulting activities in Stockholm. It offers services that cover the entire chain from strategy, change and project management, programs, and system and method development, to test engagement and management. The group operates under its own brands with a clear focus and expertise in IT and Management.

Time People Group AB (NGM:TPGR) Headlines

No Headlines