Trifork Group AG (OCSE:TRIFOR) Receivables Turnover : 1.28 (As of Mar. 2024)

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What is Trifork Group 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. Trifork Group AG's Revenue for the three months ended in Mar. 2024 was kr376 Mil. Trifork Group AG's average Accounts Receivable for the three months ended in Mar. 2024 was kr293 Mil. Hence, Trifork Group AG's Receivables Turnover for the three months ended in Mar. 2024 was 1.28.

Trifork Group AG Receivables Turnover Historical Data

The historical data trend for Trifork Group 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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Trifork Group AG Receivables Turnover Chart

Trifork Group AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.56

5.07

5.17

5.25

Trifork Group AG Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														1.37	1.42	1.23	1.35	1.28

Competitive Comparison of Trifork Group AG's Receivables Turnover

For the Information Technology Services subindustry, Trifork Group 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.

Trifork Group AG's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Trifork Group AG's Receivables Turnover falls into.

Trifork Group AG Receivables Turnover Calculation

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

Trifork Group 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 )
=	1549.569	/ (	(263.664	+	326.9)	/	2 )
=	1549.569	/	295.282
=	5.25

Trifork Group AG's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	375.731	/ (	(326.9	+	259.502)	/	2 )
=	375.731	/	293.201
=	1.28

Trifork Group AG (OCSE:TRIFOR) 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.

Trifork Group AG Receivables Turnover Related Terms

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Trifork Group AG (OCSE:TRIFOR) Business Description

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TRIFOc:UK

Address

Neuhofstrasse 10, Schindellegi, CHE, 8834

Website

https://www.trifork.com

Trifork Holding AG is an international IT group focusing on the development of software solutions. The company strives to be at the forefront of digital innovation. It focuses on three vertical business areas namely Digital Health, FinTech and Smart Buildings and three horizontals areas such as Cloud Operations, Cyber Protection and Smart Enterprise.

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