Proact IT Group AB (OSTO:PACT) Receivables Turnover : 1.14 (As of Dec. 2024)

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What is Proact IT Group AB 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. Proact IT Group AB's Revenue for the three months ended in Dec. 2024 was kr1,269 Mil. Proact IT Group AB's average Accounts Receivable for the three months ended in Dec. 2024 was kr1,111 Mil. Hence, Proact IT Group AB's Receivables Turnover for the three months ended in Dec. 2024 was 1.14.

Proact IT Group AB Receivables Turnover Historical Data

The historical data trend for Proact IT Group AB'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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Proact IT Group AB Receivables Turnover Chart

Proact IT Group AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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6.29

6.49

6.82

6.19

6.60

Proact IT Group AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.43	1.16	0.90	0.77	1.14

Competitive Comparison of Proact IT Group AB's Receivables Turnover

For the Information Technology Services subindustry, Proact IT Group AB'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.

Proact IT Group AB's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Proact IT Group AB's Receivables Turnover falls into.

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Proact IT Group AB Receivables Turnover Calculation

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

Proact IT Group AB's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	4864.236	/ (	(717.665	+	756.38)	/	2 )
=	4864.236	/	737.0225
=	6.60

Proact IT Group AB's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	1268.5	/ (	(1466.1	+	756.38)	/	2 )
=	1268.5	/	1111.24
=	1.14

Proact IT Group AB (OSTO:PACT) 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.

Proact IT Group AB Receivables Turnover Related Terms

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Proact IT Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Proact IT Group AB (OSTO:PACT) » Definitions » Receivables Turnover

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Traded in Other Exchanges

0GT3:UK PIU0:Germany

Address

Frsoundaviks Alle 1, Solna, Stockholm, SWE, 169 04

Website

https://www.proact.se

Proact IT Group AB is a European-based independent datacentre and cloud service provider. The company's solution covers all aspects of data storage, virtualization, networking, and security. Its operating segments are System sales, Service operations, and Other revenues. The company-managed cloud services include service management, software as a service, proact hybrid cloud, storage as a service, flexpod as a service, and disaster recovery services. It also offers professional services such as delivering transformation, project management and delivery, cloud adoption, and others. The majority of the company's revenue comes from the Nordics and Baltics region.

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