Sever Holding AD (XBUL:SEVH) Receivables Turnover : 0.21 (As of Dec. 2023)

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What is Sever Holding 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. Sever Holding AD's Revenue for the six months ended in Dec. 2023 was лв4.57 Mil. Sever Holding AD's average Accounts Receivable for the six months ended in Dec. 2023 was лв21.46 Mil. Hence, Sever Holding AD's Receivables Turnover for the six months ended in Dec. 2023 was 0.21.

Sever Holding AD Receivables Turnover Historical Data

The historical data trend for Sever Holding 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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Sever Holding AD Receivables Turnover Chart

Sever Holding AD Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

0.26

Sever Holding AD Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	0.12	0.13	0.19	0.21

Competitive Comparison of Sever Holding AD's Receivables Turnover

For the Asset Management subindustry, Sever Holding 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.

Sever Holding AD's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sever Holding AD's Receivables Turnover distribution charts can be found below:

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

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Sever Holding AD Receivables Turnover Calculation

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

Sever Holding AD'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 )
=	6.497	/ (	(14.05	+	36.492)	/	2 )
=	6.497	/	25.271
=	0.26

Sever Holding AD's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	4.573	/ (	(6.431	+	36.492)	/	2 )
=	4.573	/	21.4615
=	0.21

Sever Holding AD (XBUL:SEVH) 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.

Sever Holding AD Receivables Turnover Related Terms

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Sever Holding AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sever Holding AD (XBUL:SEVH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tsar Asen Street I, No 5, 3rd Floor, Varna, BGR, 9000

Website

http://www.sever-holding.com

Sever Holding AD main activity of the holding is related to the acquisition, management, evaluation and sale of shares and/or shareholdings in Bulgarian and foreign companies.

Sever Holding AD Headlines

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