Zwipe AS (OSL:ZWIPE) Receivables Turnover : 0.46 (As of Dec. 2023)

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What is Zwipe AS 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. Zwipe AS's Revenue for the six months ended in Dec. 2023 was kr0.54 Mil. Zwipe AS's average Accounts Receivable for the six months ended in Dec. 2023 was kr1.18 Mil. Hence, Zwipe AS's Receivables Turnover for the six months ended in Dec. 2023 was 0.46.

Zwipe AS Receivables Turnover Historical Data

The historical data trend for Zwipe AS'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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Zwipe AS Receivables Turnover Chart

Zwipe AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.99

7.40

23.27

2.85

1.80

Zwipe AS Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											2.15	6.21	2.40	0.68	0.46

Competitive Comparison of Zwipe AS's Receivables Turnover

For the Software - Infrastructure subindustry, Zwipe AS'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.

Zwipe AS's Receivables Turnover Distribution in the Software Industry

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

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

Zwipe AS Receivables Turnover Calculation

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

Zwipe AS'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 )
=	2.097	/ (	(2.269	+	0.066)	/	2 )
=	2.097	/	1.1675
=	1.80

Zwipe AS'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 )
=	0.54	/ (	(2.289	+	0.066)	/	2 )
=	0.54	/	1.1775
=	0.46

Zwipe AS (OSL:ZWIPE) 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.

Zwipe AS Receivables Turnover Related Terms

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Zwipe AS (OSL:ZWIPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zwipe AS (OSL:ZWIPE) » Definitions » Receivables Turnover

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ZWIPE:Sweden 4ZW:Germany

Address

Radhusgata 24, Oslo, NOR, 0151

Website

https://www.zwipe.com

Zwipe AS is pioneering the next-generation contactless payments experience, providing biometric payment cards and wearables that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is making convenience safe & secure for banks, merchants, and consumers. The company's solutions address the hygiene and data theft pitfalls inHerent in traditional authentication methods. Zwipe is the next great shift in payments from contactless to contact-free.

Zwipe AS (OSL:ZWIPE) Headlines

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