SameSystem A/S (OCSE:SAME) Receivables Turnover : 5.53 (As of Sep. 2023)

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What is SameSystem A/S 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. SameSystem A/S's Revenue for the three months ended in Sep. 2023 was kr12.34 Mil. SameSystem A/S's average Accounts Receivable for the three months ended in Sep. 2023 was kr2.23 Mil. Hence, SameSystem A/S's Receivables Turnover for the three months ended in Sep. 2023 was 5.53.

SameSystem A/S Receivables Turnover Historical Data

The historical data trend for SameSystem A/S'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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SameSystem A/S Receivables Turnover Chart

SameSystem A/S Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

49.93

25.15

22.95

39.88

40.65

SameSystem A/S Quarterly Data
	Sep19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial									4.51	14.73	3.68	2.69	5.53

Competitive Comparison of SameSystem A/S's Receivables Turnover

For the Software - Application subindustry, SameSystem A/S'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.

SameSystem A/S's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, SameSystem A/S's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SameSystem A/S's Receivables Turnover falls into.

SameSystem A/S Receivables Turnover Calculation

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

SameSystem A/S's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	48.247	/ (	(1.195	+	1.179)	/	2 )
=	48.247	/	1.187
=	40.65

SameSystem A/S's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	12.335	/ (	(3.282	+	1.179)	/	2 )
=	12.335	/	2.2305
=	5.53

SameSystem A/S (OCSE:SAME) 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.

SameSystem A/S Receivables Turnover Related Terms

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SameSystem A/S (OCSE:SAME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SameSystem A/S (OCSE:SAME) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

6EK0:Germany

Address

Rentemestervej 2A, Nordvest, Copenhagen, DNK, 2400

Website

https://www.samesystem.com

SameSystem A/S is a software-as-a-service company that provides an online workforce management solution focusing on retailers and food service providers. The SaaS solution platform unites various workforce and workflow processes in a fully compliant fashion with local or specific regulatory requirements helping managers to do perfect planning and solve administrative tasks easily and efficiently. Geographically, the company generates majority of its revenue from Denmark.

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