Jensen-Group NV (XBRU:JEN) Receivables Turnover : 2.28 (As of Dec. 2023)

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What is Jensen-Group NV 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. Jensen-Group NV's Revenue for the six months ended in Dec. 2023 was €193.4 Mil. Jensen-Group NV's average Accounts Receivable for the six months ended in Dec. 2023 was €84.7 Mil. Hence, Jensen-Group NV's Receivables Turnover for the six months ended in Dec. 2023 was 2.28.

Jensen-Group NV Receivables Turnover Historical Data

The historical data trend for Jensen-Group NV'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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Jensen-Group NV Receivables Turnover Chart

Jensen-Group NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.41

4.02

4.57

5.09

4.71

Jensen-Group NV 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															2.45	2.81	2.55	2.85	2.28

Competitive Comparison of Jensen-Group NV's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Jensen-Group NV'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.

Jensen-Group NV's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jensen-Group NV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jensen-Group NV's Receivables Turnover falls into.

Jensen-Group NV Receivables Turnover Calculation

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

Jensen-Group NV'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 )
=	400.121	/ (	(72.882	+	97.147)	/	2 )
=	400.121	/	85.0145
=	4.71

Jensen-Group NV'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 )
=	193.424	/ (	(72.197	+	97.147)	/	2 )
=	193.424	/	84.672
=	2.28

Jensen-Group NV (XBRU:JEN) 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.

Jensen-Group NV Receivables Turnover Related Terms

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Jensen-Group NV (XBRU:JEN) Business Description

Industry

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XD1:Germany

Address

Neerhonderd 33, Wetteren, BEL, 9230

Website

https://www.jensen-group.com

Jensen-Group NV manufactures commercial and heavy-duty laundry equipment. It designs, produces, and supplies single machines, systems, and turnkey solutions for the heavy-duty laundry industry. It has established a Cleantech brand which includes technology and machines for the laundry process. The company's products include transport and handling systems, washing tunnels, laundry sorting machines, feeding machines as well as ironing and folding machines. The group also manages turnkey laundry projects. The company operates in Europe, America, Asia, and Australia and derives the majority of its revenues from Europe.

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