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Speedy AD Sofia (XBUL:SPDY) Receivables Turnover : 2.17 (As of Sep. 2023)


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What is Speedy AD Sofia 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. Speedy AD Sofia's Revenue for the three months ended in Sep. 2023 was лв103.4 Mil. Speedy AD Sofia's average Accounts Receivable for the three months ended in Sep. 2023 was лв47.7 Mil. Hence, Speedy AD Sofia's Receivables Turnover for the three months ended in Sep. 2023 was 2.17.


Speedy AD Sofia Receivables Turnover Historical Data

The historical data trend for Speedy AD Sofia'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.

* Premium members only.

Speedy AD Sofia Receivables Turnover Chart

Speedy AD Sofia Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.49 9.39 10.32 10.59 10.78

Speedy AD Sofia Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.80 3.13 2.67 2.87 2.17

Competitive Comparison of Speedy AD Sofia's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Speedy 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.


Speedy AD Sofia's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Speedy AD Sofia's Receivables Turnover distribution charts can be found below:

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



Speedy AD Sofia Receivables Turnover Calculation

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

Speedy AD Sofia'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 )
=386.477 / ((33.22 + 38.459) / 2 )
=386.477 / 35.8395
=10.78

Speedy AD Sofia's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=103.356 / ((41.892 + 53.432) / 2 )
=103.356 / 47.662
=2.17

* 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.


Speedy AD Sofia  (XBUL:SPDY) 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.


Speedy AD Sofia Receivables Turnover Related Terms

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Speedy AD Sofia (XBUL:SPDY) Business Description

Traded in Other Exchanges
N/A
Address
22 Abagar Street, Logistic Park, 5th Floor, Administrative building Speedy, Sofia, BGR
Speedy AD Sofia is a company engaged in the provisions of courier services. The company offers domestic, international and additional services. Its online services include Trace a shipment, redirect the shipment, MySpeedy, Smart Control, Integration with online stores, Electronic invoices and others.

Speedy AD Sofia (XBUL:SPDY) Headlines

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