Logwin AG (XTER:TGHN) Receivables Turnover : 3.76 (As of Dec. 2023)

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What is Logwin AG 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. Logwin AG's Revenue for the six months ended in Dec. 2023 was €585 Mil. Logwin AG's average Accounts Receivable for the six months ended in Dec. 2023 was €156 Mil. Hence, Logwin AG's Receivables Turnover for the six months ended in Dec. 2023 was 3.76.

Logwin AG Receivables Turnover Historical Data

The historical data trend for Logwin AG'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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Logwin AG Receivables Turnover Chart

Logwin AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.99

8.06

9.21

9.15

6.63

Logwin AG 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															4.59	4.19	4.12	3.39	3.76

Competitive Comparison of Logwin AG's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Logwin AG'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.

Logwin AG's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Logwin AG's Receivables Turnover distribution charts can be found below:

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

Logwin AG Receivables Turnover Calculation

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

Logwin AG'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 )
=	1257.518	/ (	(232.388	+	146.839)	/	2 )
=	1257.518	/	189.6135
=	6.63

Logwin AG'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 )
=	584.544	/ (	(164.369	+	146.839)	/	2 )
=	584.544	/	155.604
=	3.76

Logwin AG (XTER:TGHN) 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.

Logwin AG Receivables Turnover Related Terms

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Logwin AG (XTER:TGHN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Logwin AG (XTER:TGHN) » Definitions » Receivables Turnover

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TGHN:Germany

Address

5, an de Langten, ZIR Potaschberg, Grevenmacher, LUX, L-6776

Website

https://www.logwin-logistics.com

Logwin AG provides transport and logistics services. Its services cover sea freight, air freight, retail network, project logistics, air charter, and ship part logistics, warehousing, value-added services, efulfillment, and transport management. The company has Solutions and Air plus ocean business segments. Solution segment develops contract logistics solutions and offers industry-specific transport and logistics concepts to industrial engineering, automotive, chemicals, electronics, high tech, retail, and fashion companies. Air plus ocean segment manages international shipments through air and sea and related logistics services. Air plus ocean segment generates the majority of the revenues. Geographically, it derived maximum revenue from Germany.

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