init innovation in traffic systems SE (XTER:IXX) Receivables Turnover : 1.65 (As of Dec. 2023)

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What is init innovation in traffic systems 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. init innovation in traffic systems SE's Revenue for the three months ended in Dec. 2023 was €67.8 Mil. init innovation in traffic systems SE's average Accounts Receivable for the three months ended in Dec. 2023 was €41.1 Mil. Hence, init innovation in traffic systems SE's Receivables Turnover for the three months ended in Dec. 2023 was 1.65.

init innovation in traffic systems SE Receivables Turnover Historical Data

The historical data trend for init innovation in traffic systems 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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init innovation in traffic systems SE Receivables Turnover Chart

init innovation in traffic systems SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.53

4.42

5.00

5.69

5.36

init innovation in traffic systems SE 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															1.65	1.14	1.40	1.35	1.65

Competitive Comparison of init innovation in traffic systems SE's Receivables Turnover

For the Information Technology Services subindustry, init innovation in traffic systems 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.

init innovation in traffic systems SE's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, init innovation in traffic systems SE's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where init innovation in traffic systems SE's Receivables Turnover falls into.

init innovation in traffic systems SE Receivables Turnover Calculation

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

init innovation in traffic systems 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 )
=	210.801	/ (	(35.222	+	43.496)	/	2 )
=	210.801	/	39.359
=	5.36

init innovation in traffic systems SE'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 )
=	67.763	/ (	(38.715	+	43.496)	/	2 )
=	67.763	/	41.1055
=	1.65

init innovation in traffic systems SE (XTER:IXX) 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.

init innovation in traffic systems SE Receivables Turnover Related Terms

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init innovation in traffic systems SE (XTER:IXX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » init innovation in traffic systems SE (XTER:IXX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IXX:Germany IXX:Germany IXX:Germany

Address

Kaeppelestrasse 4-10, Karlsruhe, BW, DEU, D-76131

Website

https://www.initag.com

init innovation in traffic systems SE is an international system supplier of transportation telematics. The company develops and supplies integrated planning, dispatching, telematics and ticketing systems for buses and trains. The firm develops, produces, integrates, installs, and maintains software and hardware products for the planning, management, and optimization of transport companies. It offers research and development, planning and dispatching, analyzing and optimizing, ticketing and fare management, operations control and real-time passenger information, and service and maintenance solutions. Geographical presence of the company is in Germany, North America, Europe, Australia and UAE.

Executives

Dr. Gottfried Greschner	Board of Directors
Jörg Munz	Board of Directors
Dr. Jürgen Greschner	Board of Directors

init innovation in traffic systems SE (XTER:IXX) Headlines

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