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Vidhance AB (XSAT:VIDH) Receivables Turnover : 0.47 (As of Sep. 2024)


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What is Vidhance AB 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. Vidhance AB's Revenue for the three months ended in Sep. 2024 was kr6.87 Mil. Vidhance AB's average Accounts Receivable for the three months ended in Sep. 2024 was kr14.49 Mil. Hence, Vidhance AB's Receivables Turnover for the three months ended in Sep. 2024 was 0.47.


Vidhance AB Receivables Turnover Historical Data

The historical data trend for Vidhance AB'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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Vidhance AB Receivables Turnover Chart

Vidhance AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.72 17.48 8.87 8.41 10.54

Vidhance AB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.68 1.15 0.98 0.67 0.47

Competitive Comparison of Vidhance AB's Receivables Turnover

For the Software - Application subindustry, Vidhance AB'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.


Vidhance AB's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Vidhance AB's Receivables Turnover distribution charts can be found below:

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



Vidhance AB Receivables Turnover Calculation

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

Vidhance AB'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 )
=48.611 / ((5.563 + 3.665) / 2 )
=48.611 / 4.614
=10.54

Vidhance AB's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=6.865 / ((14.7 + 14.276) / 2 )
=6.865 / 14.488
=0.47

* 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.


Vidhance AB  (XSAT:VIDH) 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.


Vidhance AB Receivables Turnover Related Terms

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Vidhance AB Business Description

Traded in Other Exchanges
Address
Kungsangsgatan 12, Uppsala, SWE, 753 22
Vidhance AB is a company that operates in the IT sector. The company is a developer of software solutions and services that analyze and optimize video clips in the customer's camera in real time. The software is sold under separate brands and is specially adapted for mobile use, where the software adjusts for uncontrolled movements, vibrations and other friction.

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