Stock3 AG (XTER:BOG) Receivables Turnover : 9.48 (As of Dec. 2023)

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What is Stock3 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. Stock3 AG's Revenue for the six months ended in Dec. 2023 was €11.96 Mil. Stock3 AG's average Accounts Receivable for the six months ended in Dec. 2023 was €1.26 Mil. Hence, Stock3 AG's Receivables Turnover for the six months ended in Dec. 2023 was 9.48.

Stock3 AG Receivables Turnover Historical Data

The historical data trend for Stock3 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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Stock3 AG Receivables Turnover Chart

Stock3 AG Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

9.55

9.65

9.48

Stock3 AG Semi-Annual Data
	Dec21	Dec22	Dec23
Receivables Turnover	9.55	9.65	9.48

Competitive Comparison of Stock3 AG's Receivables Turnover

For the Specialty Business Services subindustry, Stock3 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.

Stock3 AG's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Stock3 AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Stock3 AG's Receivables Turnover falls into.

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Stock3 AG Receivables Turnover Calculation

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

Stock3 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 )
=	11.963	/ (	(1.363	+	1.161)	/	2 )
=	11.963	/	1.262
=	9.48

Stock3 AG'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	11.963	/ (	(1.363	+	1.161)	/	2 )
=	11.963	/	1.262
=	9.48

Stock3 AG (XTER:BOG) 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.

Stock3 AG Receivables Turnover Related Terms

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Stock3 AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Stock3 AG (XTER:BOG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BOG:Germany

Address

Balanstrasse 73, House 11 / 3rd Floor, Munich, BY, DEU, D-81541

Website

https://www.stock3.com

Stock3 AG is engaged in providing consulting services. Its offerings include Financial portals, Content syndication, Training, Paid content, and Mobile solutions among other services.

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