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OTRS AG (XTER:TR9) Receivables Turnover : 4.54 (As of Jun. 2024)


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What is OTRS 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. OTRS AG's Revenue for the six months ended in Jun. 2024 was €5.88 Mil. OTRS AG's average Accounts Receivable for the six months ended in Jun. 2024 was €1.30 Mil. Hence, OTRS AG's Receivables Turnover for the six months ended in Jun. 2024 was 4.54.


OTRS AG Receivables Turnover Historical Data

The historical data trend for OTRS 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.

OTRS AG Receivables Turnover Chart

OTRS 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 7.25 7.87 7.79 6.59 6.89

OTRS 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 4.39 4.39 3.89 4.10 4.54

Competitive Comparison of OTRS AG's Receivables Turnover

For the Software - Application subindustry, OTRS 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.


OTRS AG's Receivables Turnover Distribution in the Software Industry

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

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


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OTRS AG Receivables Turnover Calculation

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

OTRS 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 )
=12.311 / ((1.932 + 1.642) / 2 )
=12.311 / 1.787
=6.89

OTRS 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 )
=5.877 / ((1.642 + 0.948) / 2 )
=5.877 / 1.295
=4.54

* 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.


OTRS AG  (XTER:TR9) 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.


OTRS AG Receivables Turnover Related Terms

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OTRS AG Business Description

Industry
Traded in Other Exchanges
Address
Zimmersmuhlenweg 11, Oberursel, MH, IND, 61440
OTRS AG is engaged in open-source software solutions. The service portfolio includes process design, implementation, customizations, application support, corporate security, and managed OTRS services. The company generates maximum revenue from IT Services and support. Geographically, it derives a majority of its revenue from Germany.
Executives
André Mindermann Board of Directors
Burchard Steinbild Supervisory Board
Sabine Lüders Board of Directors
Christopher Kuhn Board of Directors

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