aap Implantate AG (XTER:AAQ1) Receivables Turnover : 2.95 (As of Jun. 2024)

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What is aap Implantate AG 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. aap Implantate AG's Revenue for the six months ended in Jun. 2024 was €6.45 Mil. aap Implantate AG's average Accounts Receivable for the six months ended in Jun. 2024 was €2.19 Mil. Hence, aap Implantate AG's Receivables Turnover for the six months ended in Jun. 2024 was 2.95.

aap Implantate AG Receivables Turnover Historical Data

The historical data trend for aap Implantate AG'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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aap Implantate AG Receivables Turnover Chart

aap Implantate AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.17

5.04

4.95

4.07

5.03

aap Implantate AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.86	2.19	2.28	2.45	2.95

Competitive Comparison of aap Implantate AG's Receivables Turnover

For the Medical Devices subindustry, aap Implantate AG'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.

aap Implantate AG's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, aap Implantate AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where aap Implantate AG's Receivables Turnover falls into.

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aap Implantate AG Receivables Turnover Calculation

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

aap Implantate AG'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 )
=	11.478	/ (	(2.567	+	1.999)	/	2 )
=	11.478	/	2.283
=	5.03

aap Implantate AG's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	6.446	/ (	(1.999	+	2.376)	/	2 )
=	6.446	/	2.1875
=	2.95

aap Implantate AG (XTER:AAQ1) 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.

aap Implantate AG Receivables Turnover Related Terms

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aap Implantate AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » aap Implantate AG (XTER:AAQ1) » Definitions » Receivables Turnover

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0N5A:UK

Address

Lorenzweg 5, Berlin, DEU, 12099

Website

https://www.aap.de

aap Implantate AG develops, manufactures, and markets trauma products for orthopedics. The company classifies its products that are Trauma and Others. The product line of the company consists of a plating system under the brand LOQTEQ, and cannulated screws. The company's projects such as antibacterial silver coating technology and magnesium-based implants. It develops a plating system for the Shoulder, Knee, Elbow, Wrist, and Ankle Joint. The company sells its product directly to hospitals, syndicates, and hospital groups with the help of distributors.

Executives

Rubino Di Girolamo

Board of Directors

aap Implantate AG Headlines

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