OVB Holding AG (STU:O4B) Receivables Turnover : 1.94 (As of Sep. 2024)

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What is OVB Holding 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. OVB Holding AG's Revenue for the three months ended in Sep. 2024 was €99.5 Mil. OVB Holding AG's average Accounts Receivable for the three months ended in Sep. 2024 was €51.2 Mil. Hence, OVB Holding AG's Receivables Turnover for the three months ended in Sep. 2024 was 1.94.

OVB Holding AG Receivables Turnover Historical Data

The historical data trend for OVB Holding 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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OVB Holding AG Receivables Turnover Chart

OVB Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.80

7.69

8.12

7.48

7.10

OVB Holding AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.01	1.93	1.91	2.11	1.94

Competitive Comparison of OVB Holding AG's Receivables Turnover

For the Capital Markets subindustry, OVB Holding 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.

OVB Holding AG's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, OVB Holding AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where OVB Holding AG's Receivables Turnover falls into.

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OVB Holding AG Receivables Turnover Calculation

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

OVB Holding AG'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 )
=	354.348	/ (	(46.795	+	53.028)	/	2 )
=	354.348	/	49.9115
=	7.10

OVB Holding AG's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	99.485	/ (	(48.639	+	53.705)	/	2 )
=	99.485	/	51.172
=	1.94

OVB Holding AG (STU:O4B) 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.

OVB Holding AG Receivables Turnover Related Terms

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OVB Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OVB Holding AG (STU:O4B) » Definitions » Receivables Turnover

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O4B:Germany

Address

Heumarkt 1, Cologne, DEU, 50667

Website

https://www.ovb.eu

OVB Holding AG provides financial advisory services related to financial security, risk protection, and asset generation. It acts as a link between the customers and providers of financial investment and insurance products. The company operates banks, insurance, and investment companies throughout Europe and selects customer-specific solutions on the basis of their offers. The firm has operations across Central and Eastern Europe, Germany, and Southern and Western Europe. It recognizes majority of its revenues from brokerage received.

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