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Pferdewetten de AG (STU:EMH1) Receivables Turnover : 4.64 (As of Mar. 2024)


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What is Pferdewetten de AG 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. Pferdewetten de AG's Revenue for the three months ended in Mar. 2024 was €9.68 Mil. Pferdewetten de AG's average Accounts Receivable for the three months ended in Mar. 2024 was €2.09 Mil. Hence, Pferdewetten de AG's Receivables Turnover for the three months ended in Mar. 2024 was 4.64.


Pferdewetten de AG Receivables Turnover Historical Data

The historical data trend for Pferdewetten de AG'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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Pferdewetten de AG Receivables Turnover Chart

Pferdewetten de AG Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.63 9.26 6.45 5.61 8.74

Pferdewetten de AG Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.81 2.36 1.75 2.02 4.64

Competitive Comparison of Pferdewetten de AG's Receivables Turnover

For the Gambling subindustry, Pferdewetten de AG'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.


Pferdewetten de AG's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Pferdewetten de AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pferdewetten de AG's Receivables Turnover falls into.



Pferdewetten de AG Receivables Turnover Calculation

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

Pferdewetten de AG's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=15.332 / ((2.278 + 1.231) / 2 )
=15.332 / 1.7545
=8.74

Pferdewetten de AG's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=9.683 / ((1.479 + 2.699) / 2 )
=9.683 / 2.089
=4.64

* 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.


Pferdewetten de AG  (STU:EMH1) 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.


Pferdewetten de AG Receivables Turnover Related Terms

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Pferdewetten de AG (STU:EMH1) Business Description

Traded in Other Exchanges
Address
Schlossstrasse 38, Hamburg, DEU
Pferdewetten de AG is involved in arranging and placing bets for horse racing and other sports events. It engages in the online and offline horse betting business in Germany. Its horse betting services range from betting on German galloping and trotting to English, French, and other international horse races. The company also provides online horse betting services through its Internet platform pferdewetten.de. In addition, it offers consultancy and training services for the implementation and processing of sports and horse betting.

Pferdewetten de AG (STU:EMH1) Headlines

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