Apanet (WAR:APA) Receivables Turnover : 0.94 (As of Sep. 2023)

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What is Apanet 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. Apanet's Revenue for the three months ended in Sep. 2023 was zł0.70 Mil. Apanet's average Accounts Receivable for the three months ended in Sep. 2023 was zł0.75 Mil. Hence, Apanet's Receivables Turnover for the three months ended in Sep. 2023 was 0.94.

Apanet Receivables Turnover Historical Data

The historical data trend for Apanet'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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Apanet Receivables Turnover Chart

Apanet Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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5.09

5.29

5.12

7.00

5.44

Apanet Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.57	1.37	2.53	1.83	0.94

Competitive Comparison of Apanet's Receivables Turnover

For the Electronic Components subindustry, Apanet'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.

Apanet's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Apanet's Receivables Turnover distribution charts can be found below:

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

Apanet Receivables Turnover Calculation

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

Apanet'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 )
=	2.645	/ (	(0.854	+	0.119)	/	2 )
=	2.645	/	0.4865
=	5.44

Apanet's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.702	/ (	(0	+	0.749)	/	1 )
=	0.702	/	0.749
=	0.94

Apanet (WAR:APA) 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.

Apanet Receivables Turnover Related Terms

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Apanet (WAR:APA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apanet SA (WAR:APA) » Definitions » Receivables Turnover

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Address

Aleja Piastow 27, Wroclaw, POL, 52-424

Website

http://www.apanet.pl

Apanet SA focuses on smart systems for power consumption reduction and electricity usage rationalization. Its products include Controllers, Ballasts, Servers, Sensors, Control system and Infrastructure.