Precise Biometrics AB (STU:PBCB) Receivables Turnover : 1.07 (As of Mar. 2024)

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What is Precise Biometrics AB 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. Precise Biometrics AB's Revenue for the three months ended in Mar. 2024 was €1.92 Mil. Precise Biometrics AB's average Accounts Receivable for the three months ended in Mar. 2024 was €1.79 Mil. Hence, Precise Biometrics AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.07.

Precise Biometrics AB Receivables Turnover Historical Data

The historical data trend for Precise Biometrics AB'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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Precise Biometrics AB Receivables Turnover Chart

Precise Biometrics AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.43

11.35

6.80

6.45

6.44

Precise Biometrics AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.47	1.34	1.84	1.80	1.07

Competitive Comparison of Precise Biometrics AB's Receivables Turnover

For the Security & Protection Services subindustry, Precise Biometrics AB'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.

Precise Biometrics AB's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Precise Biometrics AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Precise Biometrics AB's Receivables Turnover falls into.

Precise Biometrics AB Receivables Turnover Calculation

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

Precise Biometrics AB'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 )
=	6.711	/ (	(0.869	+	1.214)	/	2 )
=	6.711	/	1.0415
=	6.44

Precise Biometrics AB'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1.916	/ (	(1.214	+	2.372)	/	2 )
=	1.916	/	1.793
=	1.07

Precise Biometrics AB (STU:PBCB) 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.

Precise Biometrics AB Receivables Turnover Related Terms

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Precise Biometrics AB (STU:PBCB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Precise Biometrics AB (STU:PBCB) » Definitions » Receivables Turnover

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PREC:Sweden

Address

Precise Biometrics AB, Scheelevagen 27, Lund, SWE, SE-223 63

Website

https://www.precisebiometrics.com

Precise Biometrics AB is engaged in the business of developing and selling fingerprint software for the authentication of people's identity in mobile phones, smart cards, and products with small fingerprint sensors. The firm also develops and sells mobile smart card readers for smartphones and tablets. Its products and services include precise bio match mobile, sensor vulnerability test, and fingerprint data collection. Overall it focuses on the areas of Capacitive sensors for mobile phones, In-display sensors for mobile phones in the upper price segment, Smart cards, and New applications. The company operates in Europe, Asia, and the United States, out of which the majority of revenue comes from Asia.

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