Msg Life AG (HAM:MSGL) Receivables Turnover : 4.60 (As of Dec. 2022)

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What is Msg Life 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. Msg Life AG's Revenue for the six months ended in Dec. 2022 was €182.9 Mil. Msg Life AG's average Accounts Receivable for the six months ended in Dec. 2022 was €39.8 Mil. Hence, Msg Life AG's Receivables Turnover for the six months ended in Dec. 2022 was 4.60.

Msg Life AG Receivables Turnover Historical Data

The historical data trend for Msg Life 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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Msg Life AG Receivables Turnover Chart

Msg Life AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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4.14

4.08

4.74

5.31

4.60

Msg Life AG Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Receivables Turnover	Get a 7-Day Free Trial													4.14	4.08	4.74	5.31	4.60

Competitive Comparison of Msg Life AG's Receivables Turnover

For the Software - Application subindustry, Msg Life 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.

Msg Life AG's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Msg Life AG's Receivables Turnover distribution charts can be found below:

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

Msg Life AG Receivables Turnover Calculation

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

Msg Life AG'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 )
=	182.905	/ (	(38.295	+	41.259)	/	2 )
=	182.905	/	39.777
=	4.60

Msg Life AG's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	182.905	/ (	(38.295	+	41.259)	/	2 )
=	182.905	/	39.777
=	4.60

Msg Life AG (HAM:MSGL) 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.

Msg Life AG Receivables Turnover Related Terms

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Msg Life AG (HAM:MSGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Msg Life AG (HAM:MSGL) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Humboldtstrasse 35, Leinfelden-Echterdingen, BW, DEU, 70771

Website

https://www.msg-life.com

Msg Life AG is a Germany-based company. It is a consultant and software company for the insurance and retirement savings market. It is a provider of software, advice, and cloud solutions for life insurance companies and pension fund institutions in Europe and, in particular, health insurance companies in the United States. The company's products and services include msg. Life Factory, msg.Insurance Suite, msg.Migration System, msg.Health Factory, msg.The commission, msg.Business Partner, msg.Billing, and others. Geographically, the company exports its services to the United States of America, Austria, Switzerland, Slovenia, Portugal, Poland, and Benelux.

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