Sitowise Group (OHEL:SITOWS) Receivables Turnover : 1.13 (As of Dec. 2023)

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What is Sitowise Group 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. Sitowise Group's Revenue for the three months ended in Dec. 2023 was €52.8 Mil. Sitowise Group's average Accounts Receivable for the three months ended in Dec. 2023 was €46.5 Mil. Hence, Sitowise Group's Receivables Turnover for the three months ended in Dec. 2023 was 1.13.

Sitowise Group Receivables Turnover Historical Data

The historical data trend for Sitowise Group'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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Sitowise Group Receivables Turnover Chart

Sitowise Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.79

4.48

5.54

5.37

5.32

Sitowise Group Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial													1.22	1.13	0.99	0.81	1.13

Competitive Comparison of Sitowise Group's Receivables Turnover

For the Engineering & Construction subindustry, Sitowise Group'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.

Sitowise Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sitowise Group's Receivables Turnover distribution charts can be found below:

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

Sitowise Group Receivables Turnover Calculation

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

Sitowise Group'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 )
=	210.91	/ (	(41.701	+	37.601)	/	2 )
=	210.91	/	39.651
=	5.32

Sitowise Group'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	52.768	/ (	(55.494	+	37.601)	/	2 )
=	52.768	/	46.5475
=	1.13

Sitowise Group (OHEL:SITOWS) 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.

Sitowise Group Receivables Turnover Related Terms

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Sitowise Group (OHEL:SITOWS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sitowise Group PLC (OHEL:SITOWS) » Definitions » Receivables Turnover

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Traded in Other Exchanges

1FT:Germany

Address

Linnoitustie 6 D, Espoo, FIN, 02600

Website

https://www.sitowise.com

Sitowise Group PLC is a Nordic expert in the built environment that offers sustainable design and consulting services. The company operates in various size projects to enable more responsible and smarter urban development as well as smooth transportation. Sitowise offers its services in Buildings, Infrastructure and Digital Solution areas.

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