IQGeo Group (STU:6KN) Receivables Turnover : 1.82 (As of Dec. 2023)

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What is IQGeo Group 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. IQGeo Group's Revenue for the six months ended in Dec. 2023 was €27.80 Mil. IQGeo Group's average Accounts Receivable for the six months ended in Dec. 2023 was €15.28 Mil. Hence, IQGeo Group's Receivables Turnover for the six months ended in Dec. 2023 was 1.82.

IQGeo Group Receivables Turnover Historical Data

The historical data trend for IQGeo Group'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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IQGeo Group Receivables Turnover Chart

IQGeo Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.11

4.19

5.47

4.06

4.05

IQGeo Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.25	2.10	2.30	1.75	1.82

Competitive Comparison of IQGeo Group's Receivables Turnover

For the Software - Application subindustry, IQGeo Group'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.

IQGeo Group's Receivables Turnover Distribution in the Software Industry

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

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

IQGeo Group Receivables Turnover Calculation

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

IQGeo Group'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 )
=	51.636	/ (	(11.137	+	14.366)	/	2 )
=	51.636	/	12.7515
=	4.05

IQGeo Group'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 )
=	27.798	/ (	(16.201	+	14.366)	/	2 )
=	27.798	/	15.2835
=	1.82

IQGeo Group (STU:6KN) 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.

IQGeo Group Receivables Turnover Related Terms

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IQGeo Group (STU:6KN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IQGeo Group PLC (STU:6KN) » Definitions » Receivables Turnover

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IQGLF:USA IQG.GB:UK IQG:UK

Address

Nine Hills Road, Cambridge, GBR, CB2 1GE

Website

https://www.iqgeo.com

IQGeo Group PLC is a provider of mobile geospatial software. It delivers software solutions that integrate data from any source - geographic, real-time asset, GPS, location, corporate, and external cloud-based sources into a live geospatial common operating picture. The company generates revenue from Subscriptions, Maintenance and support, and Services. Geographically, it derives a majority of its revenue from the USA and also has a presence in Canada, Japan, the UK, Europe, and the Rest of the world. Its products include Fiber Planning, Inspection and Survey, myWorld Platform, myWorld for a sales force, and others.

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