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aconnic AG (XTER:CFC) Receivables Turnover : 3.27 (As of Jun. 2024)


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What is aconnic 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. aconnic AG's Revenue for the six months ended in Jun. 2024 was €31.57 Mil. aconnic AG's average Accounts Receivable for the six months ended in Jun. 2024 was €9.66 Mil. Hence, aconnic AG's Receivables Turnover for the six months ended in Jun. 2024 was 3.27.


aconnic AG Receivables Turnover Historical Data

The historical data trend for aconnic 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.

* Premium members only.

aconnic AG Receivables Turnover Chart

aconnic AG 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 12.37 6.20 5.97 4.80 6.81

aconnic 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 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 2.29 2.91 2.78 3.27 3.27

Competitive Comparison of aconnic AG's Receivables Turnover

For the Communication Equipment subindustry, aconnic 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.


aconnic AG's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, aconnic AG's Receivables Turnover distribution charts can be found below:

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


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aconnic AG Receivables Turnover Calculation

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

aconnic 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 )
=72.737 / ((11.3 + 10.074) / 2 )
=72.737 / 10.687
=6.81

aconnic 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 )
=31.566 / ((10.074 + 9.254) / 2 )
=31.566 / 9.664
=3.27

* 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.


aconnic AG  (XTER:CFC) 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.


aconnic AG Receivables Turnover Related Terms

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aconnic AG Business Description

Traded in Other Exchanges
Address
Riesstrabe 16, Munich, DEU, 80992
aconnic AG is engaged in systems, telecommunication systems for broadband, wired networks, manufacturing of electronic products, providers of services for development, production, logistics of electronic modules and systems. Geographically it operates through the region of Germany and internationally. Majority of its revenue comes from the systems and electronic products business.

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