Wirecard AG (Wirecard AG) Receivables Turnover : 2.57 (As of Sep. 2019)

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What is Wirecard 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. Wirecard AG's Revenue for the three months ended in Sep. 2019 was $806 Mil. Wirecard AG's average Accounts Receivable for the three months ended in Sep. 2019 was $314 Mil. Hence, Wirecard AG's Receivables Turnover for the three months ended in Sep. 2019 was 2.57.

Wirecard AG Receivables Turnover Historical Data

The historical data trend for Wirecard 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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Wirecard AG Receivables Turnover Chart

Wirecard AG Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Receivables Turnover

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3.25

9.60

7.20

7.62

8.33

Wirecard AG Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Receivables Turnover	Get a 7-Day Free Trial															2.14	2.27	1.85	2.05	2.57

Competitive Comparison of Wirecard AG's Receivables Turnover

For the Software - Application subindustry, Wirecard 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.

Wirecard AG's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Wirecard AG's Receivables Turnover distribution charts can be found below:

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

Wirecard AG Receivables Turnover Calculation

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

Wirecard AG's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Receivables Turnover (A: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2018 )	/ (	(Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )
=	2293.743	/ (	(261.893	+	288.851)	/	2 )
=	2293.743	/	275.372
=	8.33

Wirecard AG's Receivables Turnover for the quarter that ended in Sep. 2019 is calculated as

	Receivables Turnover (Q: Sep. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2019 )	/ (	(Accounts Receivable (Q: Jun. 2019 )	+	Accounts Receivable (Q: Sep. 2019 ))	/	count )
=	805.617	/ (	(306.554	+	321.035)	/	2 )
=	805.617	/	313.7945
=	2.57

Wirecard AG (OTCPK:WRCDF) 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.

Wirecard AG Receivables Turnover Related Terms

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Wirecard AG (Wirecard AG) Business Description

Industry

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Traded in Other Exchanges

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Address

Einsteinring 35, Aschheim, DEU, 85609

Website

https://www.wirecard.com

Wirecard AG is a Germany-based provider of software solutions to the financial services industry. The firm's operations are organized in three segments: Payment Processing and Risk Management, which offers electronic payment processing services; Acquiring and Issuing, which issues credit cards and statements for payments and transactions; and Call Center and Communication Services, which offers relationship management services to corporate customers. The firm has operations in Europe, the United States, and the Asia-Pacific region.