Loyal Solutions A/S (OSTO:LOYAL) Receivables Turnover : 2.25 (As of Dec. 2023)

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What is Loyal Solutions 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. Loyal Solutions A/S's Revenue for the six months ended in Dec. 2023 was kr30.19 Mil. Loyal Solutions A/S's average Accounts Receivable for the six months ended in Dec. 2023 was kr13.39 Mil. Hence, Loyal Solutions A/S's Receivables Turnover for the six months ended in Dec. 2023 was 2.25.

Loyal Solutions A/S Receivables Turnover Historical Data

The historical data trend for Loyal Solutions 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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Loyal Solutions A/S Receivables Turnover Chart

Loyal Solutions A/S Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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5.94

4.20

4.41

4.30

4.78

Loyal Solutions A/S Semi-Annual Data
	Jun18	Jun19	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				2.83	1.74	1.87	2.20	2.25

Competitive Comparison of Loyal Solutions A/S's Receivables Turnover

For the Software - Application subindustry, Loyal Solutions 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.

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

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

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

Loyal Solutions A/S Receivables Turnover Calculation

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

Loyal Solutions A/S's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	42.137	/ (	(7.88	+	9.735)	/	2 )
=	42.137	/	8.8075
=	4.78

Loyal Solutions A/S'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	30.193	/ (	(9.735	+	17.049)	/	2 )
=	30.193	/	13.392
=	2.25

Loyal Solutions A/S (OSTO:LOYAL) 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.

Loyal Solutions A/S Receivables Turnover Related Terms

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Loyal Solutions A/S (OSTO:LOYAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Loyal Solutions A/S (OSTO:LOYAL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Edvard Thomsens Vej 10, 6th floor, Copenhagen S, DNK, DK-2300

Website

https://www.loyalsolutions.eu

Loyal Solutions A/S is a software as a service company. It is committed to the development, implementation, and operation of advanced loyalty solutions.

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