Asseco Poland (Asseco Poland) Receivables Turnover : 2.59 (As of Dec. 2023)

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What is Asseco Poland 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. Asseco Poland's Revenue for the three months ended in Dec. 2023 was $1,063 Mil. Asseco Poland's average Accounts Receivable for the three months ended in Dec. 2023 was $411 Mil. Hence, Asseco Poland's Receivables Turnover for the three months ended in Dec. 2023 was 2.59.

Asseco Poland Receivables Turnover Historical Data

The historical data trend for Asseco Poland'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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Asseco Poland Receivables Turnover Chart

Asseco Poland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.49

4.75

5.18

5.42

5.29

Asseco Poland 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															1.44	1.36	0.22	17.04	2.59

Competitive Comparison of Asseco Poland's Receivables Turnover

For the Software - Application subindustry, Asseco Poland'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.

Asseco Poland's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Asseco Poland's Receivables Turnover falls into.

Asseco Poland Receivables Turnover Calculation

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

Asseco Poland'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 )
=	4189.067	/ (	(818.723	+	766.386)	/	2 )
=	4189.067	/	792.5545
=	5.29

Asseco Poland'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 )
=	1062.582	/ (	(55.362	+	766.386)	/	2 )
=	1062.582	/	410.874
=	2.59

Asseco Poland (OTCPK:ASOZF) 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.

Asseco Poland Receivables Turnover Related Terms

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Asseco Poland (Asseco Poland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asseco Poland SA (OTCPK:ASOZF) » Definitions » Receivables Turnover

Comparable Companies

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ACP:Poland SFB1:Germany

Address

14 Olchowa Street, Rzeszow, POL, 35-322

Website

http://www.asseco.pl

Asseco Poland SA is the Polish subsidiary of the multinational Asseco Group, which has a presence in Europe and Israel. The firm develops sector-specific software for banking and finance, and executes large IT projects for healthcare, insurance, and other sectors in public administration. Asseco's flagship product for the banking sector is the comprehensive IT suite def3000, used by financial institutions in Poland. The firm also provides IT consulting, systems integration, and implementation services for large and midsize industrial enterprises. A large majority of the firm's revenue is generated through proprietary software licenses from Polish institutions.

Asseco Poland (Asseco Poland) Headlines

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