Elastic NV (BSP:E2ST34) Receivables Turnover : 1.40 (As of Jan. 2024)

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What is Elastic 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. Elastic NV's Revenue for the three months ended in Jan. 2024 was R$1,613 Mil. Elastic NV's average Accounts Receivable for the three months ended in Jan. 2024 was R$1,153 Mil. Hence, Elastic NV's Receivables Turnover for the three months ended in Jan. 2024 was 1.40.

Elastic NV Receivables Turnover Historical Data

The historical data trend for Elastic 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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Elastic NV Receivables Turnover Chart

Elastic NV Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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4.25

4.54

4.30

4.28

4.60

Elastic NV Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.41	1.19	1.28	1.52	1.40

Competitive Comparison of Elastic NV's Receivables Turnover

For the Software - Application subindustry, Elastic 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.

Elastic NV's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Elastic NV's Receivables Turnover falls into.

Elastic NV Receivables Turnover Calculation

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

Elastic NV's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	5367.928	/ (	(1023.345	+	1310.205)	/	2 )
=	5367.928	/	1166.775
=	4.60

Elastic NV's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	1612.958	/ (	(1174.233	+	1130.92)	/	2 )
=	1612.958	/	1152.5765
=	1.40

Elastic NV (BSP:E2ST34) 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.

Elastic NV Receivables Turnover Related Terms

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Elastic NV (BSP:E2ST34) Business Description

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Keizersgracht 281, Amsterdam, NH, NLD, 1016 ED

Website

https://www.elastic.co

Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.

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