F-Secure (CHIX:FSECUH) Receivables Turnover : 1.07 (As of Mar. 2024)

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What is F-Secure 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. F-Secure's Revenue for the three months ended in Mar. 2024 was €36.4 Mil. F-Secure's average Accounts Receivable for the three months ended in Mar. 2024 was €33.9 Mil. Hence, F-Secure's Receivables Turnover for the three months ended in Mar. 2024 was 1.07.

F-Secure Receivables Turnover Historical Data

The historical data trend for F-Secure'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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F-Secure Receivables Turnover Chart

F-Secure Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

5.86

6.44

7.13

6.70

5.57

F-Secure Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									1.33	1.09	1.01	1.13	1.07

Competitive Comparison of F-Secure's Receivables Turnover

For the Software - Infrastructure subindustry, F-Secure'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.

F-Secure's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, F-Secure's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where F-Secure's Receivables Turnover falls into.

F-Secure Receivables Turnover Calculation

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

F-Secure'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 )
=	130.371	/ (	(18.243	+	28.557)	/	2 )
=	130.371	/	23.4
=	5.57

F-Secure'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	36.377	/ (	(28.557	+	39.232)	/	2 )
=	36.377	/	33.8945
=	1.07

F-Secure (CHIX:FSECUh) 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.

F-Secure Receivables Turnover Related Terms

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F-Secure (CHIX:FSECUH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » F-Secure Corp (CHIX:FSECUh) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FSROF:USA FSECURE:Finland 3I6:Germany

Address

Tammasaarenkatu 7, P.O. Box 24, Helsinki, FIN, 00180

Website

https://www.f-secure.com

F-Secure Corp is engaged in designing and providing a comprehensive range of Cyber-security products and services related to data security, privacy protection as well as privacy protection and digital identity protection of consumer terminal devices, networks, and devices connected to a network, sold in each case either directly or indirectly to consumers. Geographically the company earns a majority of its revenue from Europe followed by the Nordic Countries.

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