Progres AD (XBLB:PRGS-R-A) Receivables Turnover : 2.90 (As of Dec. 2024)

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What is Progres AD 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. Progres AD's Revenue for the six months ended in Dec. 2024 was BAM1.43 Mil. Progres AD's average Accounts Receivable for the six months ended in Dec. 2024 was BAM0.49 Mil. Hence, Progres AD's Receivables Turnover for the six months ended in Dec. 2024 was 2.90.

Progres AD Receivables Turnover Historical Data

The historical data trend for Progres AD'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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Progres AD Receivables Turnover Chart

Progres AD Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

1.73

1.76

1.49

2.44

2.90

Progres AD Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23	Dec24
Receivables Turnover	1.73	1.76	1.49	2.44	2.90

Competitive Comparison of Progres AD's Receivables Turnover

For the Personal Services subindustry, Progres AD'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.

Progres AD's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Progres AD's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Progres AD's Receivables Turnover falls into.

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Progres AD Receivables Turnover Calculation

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

Progres AD's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1.433	/ (	(0.461	+	0.527)	/	2 )
=	1.433	/	0.494
=	2.90

Progres AD's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	1.433	/ (	(0.461	+	0.527)	/	2 )
=	1.433	/	0.494
=	2.90

Progres AD (XBLB:PRGS-R-A) 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.

Progres AD Receivables Turnover Related Terms

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Progres AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Progres AD (XBLB:PRGS-R-A) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ulica Zmaj Jovina number 8-10, Belgrade, SRB, 71000

Website

https://www.progres.rs

Progres AD provides psycho-social support for children, youth and adults on the territory of Bosnia and Herzegovina.

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