FINEOS Holdings (ASX:FCL) Receivables Turnover : 4.80 (As of Dec. 2023)

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What is FINEOS Holdings 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. FINEOS Holdings's Revenue for the six months ended in Dec. 2023 was A$99.6 Mil. FINEOS Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$20.7 Mil. Hence, FINEOS Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 4.80.

FINEOS Holdings Receivables Turnover Historical Data

The historical data trend for FINEOS Holdings'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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FINEOS Holdings Receivables Turnover Chart

FINEOS Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

5.00

5.36

5.19

6.05

FINEOS Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					2.89	2.48	2.62	3.26	4.80

Competitive Comparison of FINEOS Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, FINEOS Holdings'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.

FINEOS Holdings's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where FINEOS Holdings's Receivables Turnover falls into.

FINEOS Holdings Receivables Turnover Calculation

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

FINEOS Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	201.846	/ (	(38.698	+	28.011)	/	2 )
=	201.846	/	33.3545
=	6.05

FINEOS Holdings'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 )
=	99.578	/ (	(28.011	+	13.462)	/	2 )
=	99.578	/	20.7365
=	4.80

FINEOS Holdings (ASX:FCL) 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.

FINEOS Holdings Receivables Turnover Related Terms

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FINEOS Holdings (ASX:FCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FINEOS Corp Holdings PLC (ASX:FCL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FNCHF:USA 0M9:Germany

Address

East Point Business Park, Alfie Byrne Road, Fineos House, East Wall, Dublin, IRL, D03 FT97

Website

https://www.fineos.com

Fineos Corp Holdings PLC is an Irish company engaged in providing software solutions that include management and administration of policies and claims to the life, accident, and health insurance industry. The company's platform, Fineos AdminSuite, comprises Fineos Absence, Fineos Billing, Fineos Claims, Fineos Payments, and Fineos Provider, among other solutions.

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