Bittium (STU:JOT) Receivables Turnover : 1.26 (As of Dec. 2024)

View and export this data going back to . Start your Free Trial

What is Bittium 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. Bittium's Revenue for the six months ended in Dec. 2024 was €47.30 Mil. Bittium's average Accounts Receivable for the six months ended in Dec. 2024 was €37.60 Mil. Hence, Bittium's Receivables Turnover for the six months ended in Dec. 2024 was 1.26.

Bittium Receivables Turnover Historical Data

The historical data trend for Bittium'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.

* Premium members only.

Bittium Receivables Turnover Chart

Bittium Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

Get a 7-Day Free Trial

4.37

3.16

2.30

2.15

2.48

Bittium Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.12	0.90	1.07	1.05	1.26

Competitive Comparison of Bittium's Receivables Turnover

For the Communication Equipment subindustry, Bittium'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.

Bittium's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Bittium's Receivables Turnover distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Bittium Receivables Turnover Calculation

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

Bittium'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 )
=	85.2	/ (	(32.813	+	35.8)	/	2 )
=	85.2	/	34.3065
=	2.48

Bittium'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: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	47.3	/ (	(39.4	+	35.8)	/	2 )
=	47.3	/	37.6
=	1.26

Bittium (STU:JOT) 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.

Bittium Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Bittium's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Bittium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bittium Corp (STU:JOT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

0JG5:UK BITTI:Finland JOT:Germany

Address

Ritaharjuntie 1, Oulu, FIN, 90590

Website

https://www.bittium.com

Bittium Corp is a Finland based company operating in the wireless business. It provides communications and connectivity solutions to customers in the Internet of Things, telecommunications, defense, and healthcare industries. The firm's product portfolio includes LTE smartphones for demanding security and public safety needs, wireless Internet protocol networks, voice over Internet protocol products, and LTE access points for tactical communications. The company develops healthcare technology solutions for biosignal measuring. Geographically, the company operates in Finland, the Americas, Other Europe, and Asia, of which a majority of the revenue is derived from the operations in Finland.

Bittium Headlines

No Headlines