Vectron Systems AG (XTER:V3S) Receivables Turnover : 2.40 (As of Jun. 2023)

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What is Vectron Systems 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. Vectron Systems AG's Revenue for the six months ended in Jun. 2023 was €18.53 Mil. Vectron Systems AG's average Accounts Receivable for the six months ended in Jun. 2023 was €7.72 Mil. Hence, Vectron Systems AG's Receivables Turnover for the six months ended in Jun. 2023 was 2.40.

Vectron Systems AG Receivables Turnover Historical Data

The historical data trend for Vectron Systems 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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Vectron Systems AG Receivables Turnover Chart

Vectron Systems AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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8.93

6.84

6.35

12.93

8.84

Vectron Systems AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															6.05	4.55	3.89	4.30	2.40

Competitive Comparison of Vectron Systems AG's Receivables Turnover

For the Software - Application subindustry, Vectron Systems 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.

Vectron Systems AG's Receivables Turnover Distribution in the Software Industry

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

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

Vectron Systems AG Receivables Turnover Calculation

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

Vectron Systems AG's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	25.217	/ (	(3.13	+	2.577)	/	2 )
=	25.217	/	2.8535
=	8.84

Vectron Systems AG's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	18.53	/ (	(2.577	+	12.862)	/	2 )
=	18.53	/	7.7195
=	2.40

Vectron Systems AG (XTER:V3S) 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.

Vectron Systems AG Receivables Turnover Related Terms

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Vectron Systems AG (XTER:V3S) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

V3S:Germany V3S:Germany V3S:Germany

Address

Willy-Brandt-Weg 41, Munster, DEU, 48155

Website

http://www.vectron.de

Vectron Systems AG engages in the production and sale of point of sale (POS) systems and communication software for the networking of branch shops in Germany. It offers stationary and mobile POS systems; POS software; Commander communications software for the interconnection of POS systems; peripherals, such as customer displays and transponders; ECR app, a mobile app for hospitality professionals; trade solutions for hospitality, gastronomy, bakeries, hotels, and cafes; and bonVito, an online marketing instrument with various functions in the areas of customer retention.

Executives

Dr. Rer. Oec. Ralf-peter Simon	Board of Directors
Christoph Thye	Board of Directors
Thomas Stümmler	Board of Directors
Jens Reckendorf	Board of Directors
Andreas Prenner	Supervisory Board

Vectron Systems AG (XTER:V3S) Headlines

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