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Euro-Tax pl (WAR:ETX) Receivables Turnover : 10.06 (As of Mar. 2024)


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What is Euro-Tax pl 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. Euro-Tax pl's Revenue for the three months ended in Mar. 2024 was zł7.40 Mil. Euro-Tax pl's average Accounts Receivable for the three months ended in Mar. 2024 was zł0.74 Mil. Hence, Euro-Tax pl's Receivables Turnover for the three months ended in Mar. 2024 was 10.06.


Euro-Tax pl Receivables Turnover Historical Data

The historical data trend for Euro-Tax pl'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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Euro-Tax pl Receivables Turnover Chart

Euro-Tax pl Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.23 167.87 106.34 95.03 60.24

Euro-Tax pl Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.22 11.43 12.73 16.03 10.06

Competitive Comparison of Euro-Tax pl's Receivables Turnover

For the Personal Services subindustry, Euro-Tax pl'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.


Euro-Tax pl's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Euro-Tax pl's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Euro-Tax pl's Receivables Turnover falls into.



Euro-Tax pl Receivables Turnover Calculation

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

Euro-Tax pl'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 )
=28.011 / ((0.279 + 0.651) / 2 )
=28.011 / 0.465
=60.24

Euro-Tax pl's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=7.396 / ((0.693 + 0.778) / 2 )
=7.396 / 0.7355
=10.06

* 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.


Euro-Tax pl  (WAR:ETX) 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.


Euro-Tax pl Receivables Turnover Related Terms

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Euro-Tax pl (WAR:ETX) Business Description

Traded in Other Exchanges
N/A
Address
Ulica Szel?gowska 25/2-3, Poznan, POL, 61-626
Euro-Tax pl SA is a financial service provider for the polish emigrants. The company offers tax assessment and repayment services through recruitment and employment agencies. It also invests in the development of IT systems and the improvement of customer service processes.

Euro-Tax pl (WAR:ETX) Headlines