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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. Advance Equity Holding AD Sofia's Revenue for the
three
months ended in Sep. 2019 was €2.27 Mil. Advance Equity Holding AD Sofia's average Accounts Receivable for the
three
months ended in Sep. 2019 was €0.37 Mil.
Hence, Advance Equity Holding AD Sofia's Receivables Turnover for the
three
months ended in Sep. 2019 was 6.14.
Advance Equity Holding AD Sofia (XBUL:ADVE) 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.
Advance Equity Holding AD Sofia Receivables Turnover Related Terms
Advance Equity Holding AD Sofia Receivables Turnover Historical Data
* 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.
Advance Equity Holding AD Sofia Receivables Turnover Chart
XBUL:ADVE vs MILC: Receivables Turnover Comparison
For the Asset Management subindustry, Advance Equity Holding AD Sofia'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.
Advance Equity Holding AD Sofia Receivables Turnover vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Advance Equity Holding AD Sofia's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Advance Equity Holding AD Sofia's Receivables Turnover falls into.
* 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.
Advance Equity Holding AD Sofia (XBUL:ADVE) has a Receivables Turnover of 6.14 as of Sep. 2019. The accounts 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. View historical data on Advance Equity Holding AD Sofia and its competitors.
Is Advance Equity Holding AD Sofia's Receivables Turnover too high?
Advance Equity Holding AD Sofia's current Receivables Turnover is 6.14. The Asset Management industry median Receivables Turnover is 8.00. Advance Equity Holding AD Sofia's value of 6.14 is 23.3% below this industry median.
How does Advance Equity Holding AD Sofia's Receivables Turnover compare to MILC?
Advance Equity Holding AD Sofia's Receivables Turnover of 6.14 can be compared against companies in the Asset Management industry. The industry median Receivables Turnover is 8.00. Advance Equity Holding AD Sofia's value of 6.14 is 23.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Asset Management company?
The median Receivables Turnover among Asset Management companies is 8.00, based on 531 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Advance Equity Holding AD Sofia's current Receivables Turnover of 6.14 is 23.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Advance Equity Holding AD Sofia and its competitors. For the Asset Management industry, the median Receivables Turnover is 8.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advance Equity Holding AD Sofia's current Receivables Turnover is 6.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advance Equity Holding AD Sofia stock overvalued right now?
Advance Equity Holding AD Sofia (XBUL:ADVE) has a current Receivables Turnover of 6.14. The current Receivables Turnover is 6.14 and 23.3% below the Asset Management industry median of 8.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Advance Equity Holding AD Sofia (XBUL:ADVE), the current Receivables Turnover is 6.14 as of Sep. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Advance Equity Holding AD Sofia is an investment company. The company focuses its investments on new start-up companies that have high growth potential.
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