Arteche Lantegi Elekartea (XMAD:ART) Receivables Turnover : 4.03 (As of Dec. 2023)

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What is Arteche Lantegi Elekartea 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. Arteche Lantegi Elekartea's Revenue for the six months ended in Dec. 2023 was €213.2 Mil. Arteche Lantegi Elekartea's average Accounts Receivable for the six months ended in Dec. 2023 was €52.9 Mil. Hence, Arteche Lantegi Elekartea's Receivables Turnover for the six months ended in Dec. 2023 was 4.03.

Arteche Lantegi Elekartea Receivables Turnover Historical Data

The historical data trend for Arteche Lantegi Elekartea'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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Arteche Lantegi Elekartea Receivables Turnover Chart

Arteche Lantegi Elekartea Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

5.29

6.25

7.51

7.42

7.65

Arteche Lantegi Elekartea Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				3.83	3.61	3.70	3.41	4.03

Competitive Comparison of Arteche Lantegi Elekartea's Receivables Turnover

For the Electronic Components subindustry, Arteche Lantegi Elekartea'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.

Arteche Lantegi Elekartea's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Arteche Lantegi Elekartea's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Arteche Lantegi Elekartea's Receivables Turnover falls into.

Arteche Lantegi Elekartea Receivables Turnover Calculation

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

Arteche Lantegi Elekartea'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 )
=	401.256	/ (	(54.586	+	50.26)	/	2 )
=	401.256	/	52.423
=	7.65

Arteche Lantegi Elekartea'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 )
=	213.21	/ (	(55.58	+	50.26)	/	2 )
=	213.21	/	52.92
=	4.03

Arteche Lantegi Elekartea (XMAD:ART) 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.

Arteche Lantegi Elekartea Receivables Turnover Related Terms

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Arteche Lantegi Elekartea (XMAD:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arteche Lantegi Elekartea SA (XMAD:ART) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Derio Bidea 28, Bizkaia, Mungia, ESP, 48100

Website

https://www.arteche.com

Arteche Lantegi Elekartea SA is engaged in developing equipment and solutions for the electric power industry. The product portfolio of the company includes High voltage instrument transformers, Digital Instrument Transformers, Trip, supervision, and auxiliary relays, Medium voltage sensors, and Reclosers and switches among others.

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