LAIQON AG (XTER:LQAG) Receivables Turnover : 2.97 (As of Dec. 2023)

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What is LAIQON 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. LAIQON AG's Revenue for the six months ended in Dec. 2023 was €14.88 Mil. LAIQON AG's average Accounts Receivable for the six months ended in Dec. 2023 was €5.02 Mil. Hence, LAIQON AG's Receivables Turnover for the six months ended in Dec. 2023 was 2.97.

LAIQON AG Receivables Turnover Historical Data

The historical data trend for LAIQON 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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LAIQON AG Receivables Turnover Chart

LAIQON AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.76

2.41

2.46

6.61

6.06

LAIQON AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.99	3.30	3.52	3.82	2.97

Competitive Comparison of LAIQON AG's Receivables Turnover

For the Asset Management subindustry, LAIQON 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.

LAIQON AG's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, LAIQON AG's Receivables Turnover distribution charts can be found below:

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

LAIQON AG Receivables Turnover Calculation

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

LAIQON 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 )
=	30.746	/ (	(4.206	+	5.944)	/	2 )
=	30.746	/	5.075
=	6.06

LAIQON 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	14.88	/ (	(4.091	+	5.944)	/	2 )
=	14.88	/	5.0175
=	2.97

LAIQON AG (XTER:LQAG) 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.

LAIQON AG Receivables Turnover Related Terms

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LAIQON AG (XTER:LQAG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

LQAG:Germany LQAG:Germany LQAG:Germany

Address

An der Alster 42, Hamburg, DEU, 20099

Website

https://www.laiqon.com

LAIQON AG along with its subsidiaries develops, markets, and manages investments in real assets for institutional and retail investors. The business of the company operates in three business segments namely Lloyd Fonds positioned as a special provider of non-benchmarked equity, fixed-income and mixed funds with a clear focus on active alpha strategies. The LLOYD WEALTH business segment is committed to proactive holistic 360° implementation of the individual goals of high net-worth individuals by means of personal asset management. The LLOYD DIGITAL business segment offers digital and risk-optimized investment solutions for retail and institutional investors.

Executives

Achim Plate

Board of Directors

LAIQON AG (XTER:LQAG) Headlines

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