Infortar AS (OTSE:INF1T) Receivables Turnover : 7.62 (As of Dec. 2023)

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What is Infortar AS 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. Infortar AS's Revenue for the six months ended in Dec. 2023 was €1,085 Mil. Infortar AS's average Accounts Receivable for the six months ended in Dec. 2023 was €142 Mil. Hence, Infortar AS's Receivables Turnover for the six months ended in Dec. 2023 was 7.62.

Infortar AS Receivables Turnover Historical Data

The historical data trend for Infortar AS'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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Infortar AS Receivables Turnover Chart

Infortar AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

5.51

5.64

9.15

7.62

Infortar AS Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	5.51	5.64	9.15	7.62

Competitive Comparison of Infortar AS's Receivables Turnover

For the Asset Management subindustry, Infortar AS'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.

Infortar AS's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Infortar AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Infortar AS's Receivables Turnover falls into.

Infortar AS Receivables Turnover Calculation

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

Infortar AS'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 )
=	1084.626	/ (	(122.006	+	162.575)	/	2 )
=	1084.626	/	142.2905
=	7.62

Infortar AS'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1084.626	/ (	(122.006	+	162.575)	/	2 )
=	1084.626	/	142.2905
=	7.62

Infortar AS (OTSE:INF1T) 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.

Infortar AS Receivables Turnover Related Terms

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Infortar AS (OTSE:INF1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Infortar AS (OTSE:INF1T) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

X8K:Germany

Address

Sadama 5, Tallinn, EST, 10111

Website

https://www.infortar.ee

Infortar AS is an investment holding company in the Baltics. The group focus is on four segment areas which are energy, shipping, real estate, and others. Energy segment consisting of natural gas and electricity trade and sale, natural gas distribution service, sale and bunkering of liquefied natural gas, sale of compressed gas, biomethane production, and solar electricity production, Real estate segment consisting of hotels, office buildings, logistics center, and other real estate object, and Other segment which predominantly includes construction, drug and pharmacy wholesale, building materials, printing, taxicab, and other activities.

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