Gi Group Poland (WAR:GIG) Receivables Turnover : 1.22 (As of Sep. 2024)

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What is Gi Group Poland 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. Gi Group Poland's Revenue for the three months ended in Sep. 2024 was zł127.3 Mil. Gi Group Poland's average Accounts Receivable for the three months ended in Sep. 2024 was zł104.7 Mil. Hence, Gi Group Poland's Receivables Turnover for the three months ended in Sep. 2024 was 1.22.

Gi Group Poland Receivables Turnover Historical Data

The historical data trend for Gi Group Poland'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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Gi Group Poland Receivables Turnover Chart

Gi Group Poland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.42

3.12

5.90

5.54

5.79

Gi Group Poland Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.27	1.36	1.58	1.44	1.22

Competitive Comparison of Gi Group Poland's Receivables Turnover

For the Staffing & Employment Services subindustry, Gi Group Poland'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.

Gi Group Poland's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Gi Group Poland's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gi Group Poland's Receivables Turnover falls into.

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Gi Group Poland Receivables Turnover Calculation

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

Gi Group Poland'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 )
=	536.443	/ (	(95.372	+	89.93)	/	2 )
=	536.443	/	92.651
=	5.79

Gi Group Poland'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 )
=	127.267	/ (	(105.864	+	103.506)	/	2 )
=	127.267	/	104.685
=	1.22

Gi Group Poland (WAR:GIG) 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.

Gi Group Poland Receivables Turnover Related Terms

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Gi Group Poland Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Gi Group Poland SA (WAR:GIG) » Definitions » Receivables Turnover

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Address

Sky Tower, ul. Gwiazdzista 66, Wroclaw, POL, 53-413

Website

https://www.workservice.pl

Gi Group Poland SA formerly Work Service SA is a Poland-based employment agency. It specializes in employment services and modern human resource solutions, providing services in the area of recruitment, the provision of skilled workers to clients, consulting and human resource management. The company has four main product lines, Temporary work, Outsourcing, Personnel Consulting and Strategic HR Consulting. The company generates a majority of its revenue from temporary work segment covering services relating to the recruitment of temporary workers directed to work for the contractor, supervising their work, reporting results, as well as the calculation of the components of remuneration and personnel record keeping and payment of wages.