GFT Technologies SE (XTER:GFT) Receivables Turnover : 1.34 (As of Mar. 2024)

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What is GFT Technologies SE 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. GFT Technologies SE's Revenue for the three months ended in Mar. 2024 was €212.4 Mil. GFT Technologies SE's average Accounts Receivable for the three months ended in Mar. 2024 was €158.3 Mil. Hence, GFT Technologies SE's Receivables Turnover for the three months ended in Mar. 2024 was 1.34.

GFT Technologies SE Receivables Turnover Historical Data

The historical data trend for GFT Technologies SE'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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GFT Technologies SE Receivables Turnover Chart

GFT Technologies SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.10

4.30

5.04

5.14

5.03

GFT Technologies SE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.34	1.49	1.43	1.36	1.34

Competitive Comparison of GFT Technologies SE's Receivables Turnover

For the Information Technology Services subindustry, GFT Technologies SE'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.

GFT Technologies SE's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, GFT Technologies SE's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GFT Technologies SE's Receivables Turnover falls into.

GFT Technologies SE Receivables Turnover Calculation

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

GFT Technologies SE'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 )
=	801.737	/ (	(152.561	+	166.536)	/	2 )
=	801.737	/	159.5485
=	5.03

GFT Technologies SE's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	212.39	/ (	(166.536	+	150.163)	/	2 )
=	212.39	/	158.3495
=	1.34

GFT Technologies SE (XTER:GFT) 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.

GFT Technologies SE Receivables Turnover Related Terms

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GFT Technologies SE (XTER:GFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GFT Technologies SE (XTER:GFT) » Definitions » Receivables Turnover

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GFT:Austria

Address

Schelmenwasenstrasse 34, Stuttgart, BW, DEU, 70567

Website

https://www.gft.com/int/en

GFT Technologies SE is engaged in shaping the digital transformation of companies in the financial and insurance sectors, as well as in the manufacturing industry. As an IT service provider and developer of digital solutions, It offers consulting, development, and implementation skills across all aspects of pioneering technologies from cloud engineering to artificial intelligence and blockchain/DLT. The company has two operating segments; The Americas, UK & APAC comprises operating companies in the following countries: Brazil Costa Rica, Singapore, Hong Kong, the United Kingdom, the United States of America, Canada, Vietnam, and Mexico, and Continental Europe comprises operating companies in the following countries: Belgium, Poland, Germany, Switzerland, France, Spain, and Italy.

Executives

Dr. Jochen Ruetz

Managing Director (CFO) and Member of the Administrative Board

GFT Technologies SE (XTER:GFT) Headlines

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