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SHMD (Schmid Group NV) Receivables Turnover : 0.77 (As of Jun. 2024)


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What is Schmid Group NV 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. Schmid Group NV's Revenue for the six months ended in Jun. 2024 was $31.97 Mil. Schmid Group NV's average Accounts Receivable for the six months ended in Jun. 2024 was $41.73 Mil. Hence, Schmid Group NV's Receivables Turnover for the six months ended in Jun. 2024 was 0.77.

Schmid Group NV Receivables Turnover Historical Data

The historical data trend for Schmid Group NV'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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Schmid Group NV Receivables Turnover Chart

Schmid Group NV Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
- 1.72 3.00 2.25

Schmid Group NV Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Receivables Turnover Get a 7-Day Free Trial 2.02 1.21 1.09 1.32 0.77

Competitive Comparison of Schmid Group NV's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Schmid Group NV'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.

Schmid Group NV's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Schmid Group NV's Receivables Turnover distribution charts can be found below:

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


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Schmid Group NV Receivables Turnover Calculation

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

Schmid Group NV'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 )
=98.414 / ((43.001 + 44.303) / 2 )
=98.414 / 43.652
=2.25

Schmid Group NV's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=31.97 / ((44.303 + 39.159) / 2 )
=31.97 / 41.731
=0.77

* 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.

Schmid Group NV  (NAS:SHMD) 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.

Schmid Group NV Receivables Turnover Related Terms

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Schmid Group NV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Schmid Group NV (NAS:SHMD) » Definitions » Receivables Turnover
Comparable Companies
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Traded in Other Exchanges
N/A
Address
Robert-Bosch-Street 32-36, Freudenstadt, BW, DEU, 72250
Website
https://www.schmid-group.com
Schmid Group NV is a global supplier of equipment, software and services for various industries such as printed circuit board (PCB), substrate manufacturing, photovoltaics, and glass and energy storage with a focus on the highest end of this market in terms of technology and performance. It focuses on a modular product portfolio of machinery to use in the manufacturing of high-end PCB equipment and semiconductor packaging devices which includes common flexible circuit fabrication techniques such as subtractive, semi-additive processes (SAP) and modified semi-additive processes (mSAP).

Schmid Group NV Headlines

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