Verve Group SE (XTER:M8G) Receivables Turnover : 1.63 (As of Sep. 2024)

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What is Verve Group 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. Verve Group SE's Revenue for the three months ended in Sep. 2024 was €113.7 Mil. Verve Group SE's average Accounts Receivable for the three months ended in Sep. 2024 was €69.7 Mil. Hence, Verve Group SE's Receivables Turnover for the three months ended in Sep. 2024 was 1.63.

Verve Group SE Receivables Turnover Historical Data

The historical data trend for Verve Group 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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Verve Group SE Receivables Turnover Chart

Verve Group SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.48

5.20

3.76

4.34

7.75

Verve Group SE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.07	2.06	1.61	1.34	1.63

Competitive Comparison of Verve Group SE's Receivables Turnover

For the Software - Application subindustry, Verve Group 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.

Verve Group SE's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Verve Group SE's Receivables Turnover falls into.

Verve Group SE Receivables Turnover Calculation

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

Verve Group 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 )
=	327.417	/ (	(52.229	+	32.281)	/	2 )
=	327.417	/	42.255
=	7.75

Verve Group SE's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	113.738	/ (	(74.248	+	65.115)	/	2 )
=	113.738	/	69.6815
=	1.63

Verve Group SE (XTER:M8G) 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.

Verve Group SE Receivables Turnover Related Terms

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Verve Group SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Verve Group SE (XTER:M8G) » Definitions » Receivables Turnover

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VER:Sweden

Address

Stureplan 6, Stockholm, SWE, 114 35

Website

https://www.verve.com

Verve Group SE operates a fast-growing ad-software platform that matches global advertiser demand with publisher ad-supply while improving results through first party data from own games. Verve's main operational presence is in North America and Europe. Through investments in organic growth and innovation, as well as targeted M&A, Verve has built a one-stop shop for programmatic advertising, enabling companies to buy and sell ad space across all digital devices (mobile apps, web, connected TV and digital out of home), with the mission to make advertising better.

Executives

Remco Westermann	Chief Executive Officer (CEO)/Managing Director
Paul Echt	Chief Financial Officer (CFO)
Tobias M. Weitzel	Chairman of the Board of Directors

Verve Group SE Headlines

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