Avantium NV (XAMS:AVTX) Receivables Turnover : 1.19 (As of Jun. 2023)

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What is Avantium NV 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. Avantium NV's Revenue for the six months ended in Jun. 2023 was €7.26 Mil. Avantium NV's average Accounts Receivable for the six months ended in Jun. 2023 was €6.11 Mil. Hence, Avantium NV's Receivables Turnover for the six months ended in Jun. 2023 was 1.19.

Avantium NV Receivables Turnover Historical Data

The historical data trend for Avantium NV'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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Avantium NV Receivables Turnover Chart

Avantium NV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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3.20

3.74

5.57

12.38

10.65

Avantium NV Semi-Annual Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial													0.74	0.96	0.31	0.76	1.19

Competitive Comparison of Avantium NV's Receivables Turnover

For the Specialty Chemicals subindustry, Avantium NV'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.

Avantium NV's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Avantium NV's Receivables Turnover distribution charts can be found below:

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

Avantium NV Receivables Turnover Calculation

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

Avantium NV's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	17.826	/ (	(0.865	+	2.484)	/	2 )
=	17.826	/	1.6745
=	10.65

Avantium NV's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	7.263	/ (	(2.484	+	9.736)	/	2 )
=	7.263	/	6.11
=	1.19

Avantium NV (XAMS:AVTX) 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.

Avantium NV Receivables Turnover Related Terms

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Avantium NV (XAMS:AVTX) Business Description

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AVTXF:USA 27V:Germany

Address

Zekeringstraat 29-31, Amsterdam, NLD, 1014 BV

Website

https://www.avantium.com

Avantium NV along with its subsidiaries is engaged in developing and commercializing next-generation bio-based plastics and chemicals based on its technological capabilities in advanced catalysis research and development. Avantium also provides solutions in the field of sustainable chemistry and provider of advanced catalyst testing technology. The company operates through Catalysis, R&D Solutions, Renewable Chemistries and Renewable Polymer segments.