NGRRF (Nagarro SE) Receivables Turnover : 1.20 (As of Sep. 2024)

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What is Nagarro SE 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. Nagarro SE's Revenue for the three months ended in Sep. 2024 was $270 Mil. Nagarro SE's average Accounts Receivable for the three months ended in Sep. 2024 was $225 Mil. Hence, Nagarro SE's Receivables Turnover for the three months ended in Sep. 2024 was 1.20.

Nagarro SE Receivables Turnover Historical Data

The historical data trend for Nagarro SE'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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Nagarro SE Receivables Turnover Chart

Nagarro SE Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.12

5.85

5.60

6.12

5.45

Nagarro SE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.34	1.23	1.27	1.22	1.20

Competitive Comparison of Nagarro SE's Receivables Turnover

For the Information Technology Services subindustry, Nagarro SE'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.

Nagarro SE's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Nagarro SE's Receivables Turnover falls into.

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Nagarro SE Receivables Turnover Calculation

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

Nagarro SE'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 )
=	994.607	/ (	(166.111	+	199.005)	/	2 )
=	994.607	/	182.558
=	5.45

Nagarro SE's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	269.617	/ (	(223.907	+	225.302)	/	2 )
=	269.617	/	224.6045
=	1.20

Nagarro SE (OTCPK:NGRRF) 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.

Nagarro SE Receivables Turnover Related Terms

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Nagarro SE Business Description

Industry

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NA9d:UK 0AA3:UK NA9:Germany

Address

Baierbrunner Street 15, Munich, BY, DEU, 81379

Website

https://www.nagarro.com

Nagarro SE is a digital engineering company. It offers application development and management, digital product engineering, artificial intelligence and machine learning, cloud solutions, digital marketing, IoT solutions, digital commerce solutions, managed services, and others. The company's geographical segment includes North America, Central Europe, Rest of Europe, and Rest of World.