Venture Life Group (FRA:17V) Receivables Turnover : 2.02 (As of Dec. 2023)

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What is Venture Life Group 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. Venture Life Group's Revenue for the six months ended in Dec. 2023 was €32.45 Mil. Venture Life Group's average Accounts Receivable for the six months ended in Dec. 2023 was €16.06 Mil. Hence, Venture Life Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.02.

Venture Life Group Receivables Turnover Historical Data

The historical data trend for Venture Life Group'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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Venture Life Group Receivables Turnover Chart

Venture Life Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.21

4.59

3.87

3.42

3.51

Venture Life Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.83	1.61	1.82	1.70	2.02

Competitive Comparison of Venture Life Group's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Venture Life Group'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.

Venture Life Group's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Venture Life Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Venture Life Group's Receivables Turnover falls into.

Venture Life Group Receivables Turnover Calculation

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

Venture Life Group'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 )
=	59.675	/ (	(17.048	+	16.922)	/	2 )
=	59.675	/	16.985
=	3.51

Venture Life Group'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 )
=	32.45	/ (	(15.19	+	16.922)	/	2 )
=	32.45	/	16.056
=	2.02

Venture Life Group (FRA:17V) 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.

Venture Life Group Receivables Turnover Related Terms

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Venture Life Group (FRA:17V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Venture Life Group PLC (FRA:17V) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VLG:UK

Address

Eastern Road, 12 The Courtyard, Bracknell, Berkshire, GBR, RG12 2XB

Website

https://www.venture-life.com

Venture Life Group PLC is an international consumer self-care company. The company focuses on the development and commercialization of healthcare products, including oral care products, food supplements, medical devices, and dermo-cosmetics for the aging population. The company operates in two segments: Venture Life Brands, which includes sales of branded healthcare and cosmetics products, and Customer Brands, which includes sales of products and services under contract development and manufacturing agreements. Its geographical segments include the United Kingdom, Italy, Switzerland, Germany, Netherlands, the Rest of Europe, China, and the Rest of the World.

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