Euroespes (XMAD:EEP) Receivables Turnover : 4.40 (As of Dec. 2022)

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What is Euroespes 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. Euroespes's Revenue for the six months ended in Dec. 2022 was €1.64 Mil. Euroespes's average Accounts Receivable for the six months ended in Dec. 2022 was €0.37 Mil. Hence, Euroespes's Receivables Turnover for the six months ended in Dec. 2022 was 4.40.

Euroespes Receivables Turnover Historical Data

The historical data trend for Euroespes'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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Euroespes Receivables Turnover Chart

Euroespes Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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10.14

12.67

13.57

13.04

9.48

Euroespes Semi-Annual Data
	Dec12	Jun13	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Receivables Turnover	Get a 7-Day Free Trial															9.46	6.83	6.92	4.78	4.40

Competitive Comparison of Euroespes's Receivables Turnover

For the Diagnostics & Research subindustry, Euroespes'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.

Euroespes's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Euroespes's Receivables Turnover distribution charts can be found below:

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

Euroespes Receivables Turnover Calculation

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

Euroespes'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 )
=	3.298	/ (	(0.322	+	0.374)	/	2 )
=	3.298	/	0.348
=	9.48

Euroespes's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	1.64	/ (	(0.372	+	0.374)	/	2 )
=	1.64	/	0.373
=	4.40

Euroespes (XMAD:EEP) 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.

Euroespes Receivables Turnover Related Terms

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Euroespes (XMAD:EEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Euroespes SA (XMAD:EEP) » Definitions » Receivables Turnover

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Address

Santa Marta de Babio, Bergondo, La Coruna, ESP, 15165

Website

http://www.euroespes.com

Euroespes SA is a biomedical research center offering medical, research, medical informatics and bioinformatics services. It offers medicine and personalized treatment for central nervous system disorders and researches genomic medicine. Other services offered by the company include genomics, digital diagnosis, diagnostic imaging, neuro-psychology, neuro-ophthalmology, nursing, epigenetics, clinical analysis and otorhinolaryngology.