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E Schnapp Co Works (XTAE:SHNP) Receivables Turnover : 0.79 (As of Dec. 2023)


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What is E Schnapp Co Works 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. E Schnapp Co Works's Revenue for the three months ended in Dec. 2023 was ₪91.0 Mil. E Schnapp Co Works's average Accounts Receivable for the three months ended in Dec. 2023 was ₪115.4 Mil. Hence, E Schnapp Co Works's Receivables Turnover for the three months ended in Dec. 2023 was 0.79.


E Schnapp Co Works Receivables Turnover Historical Data

The historical data trend for E Schnapp Co Works'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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E Schnapp Co Works Receivables Turnover Chart

E Schnapp Co Works 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 2.41 2.21 2.35 1.65 1.51

E Schnapp Co Works Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.44 0.62 0.50 0.83 0.79

Competitive Comparison of E Schnapp Co Works's Receivables Turnover

For the Auto Parts subindustry, E Schnapp Co Works'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.


E Schnapp Co Works's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, E Schnapp Co Works's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where E Schnapp Co Works's Receivables Turnover falls into.



E Schnapp Co Works Receivables Turnover Calculation

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

E Schnapp Co Works'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 )
=296.772 / ((193.657 + 200.222) / 2 )
=296.772 / 196.9395
=1.51

E Schnapp Co Works'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=90.956 / ((111.548 + 119.333) / 2 )
=90.956 / 115.4405
=0.79

* 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.


E Schnapp Co Works  (XTAE:SHNP) 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.


E Schnapp Co Works Receivables Turnover Related Terms

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E Schnapp Co Works (XTAE:SHNP) Business Description

Traded in Other Exchanges
N/A
Address
22 Shecterman, Industrial Zone, Netanya, ISR, 42379
E Schnapp Co Works Ltd manufactures & distributes lead-acid batteries. It offers batteries for private vehicles, buses, electric vehicles, deep cycle batteries for wheelchairs, washing machines batteries; and battery chargers and testers among others. It is also engaged in the import and marketing of tires and car accessories.

E Schnapp Co Works (XTAE:SHNP) Headlines

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