Indra Sistemas (FRA:IDA) Receivables Turnover : 0.98 (As of Mar. 2024)

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What is Indra Sistemas 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. Indra Sistemas's Revenue for the three months ended in Mar. 2024 was €1,118 Mil. Indra Sistemas's average Accounts Receivable for the three months ended in Mar. 2024 was €1,140 Mil. Hence, Indra Sistemas's Receivables Turnover for the three months ended in Mar. 2024 was 0.98.

Indra Sistemas Receivables Turnover Historical Data

The historical data trend for Indra Sistemas'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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Indra Sistemas Receivables Turnover Chart

Indra Sistemas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.23

3.70

3.86

Indra Sistemas Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.83	0.90	0.83	1.16	0.98

Competitive Comparison of Indra Sistemas's Receivables Turnover

For the Information Technology Services subindustry, Indra Sistemas'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.

Indra Sistemas's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Indra Sistemas's Receivables Turnover falls into.

Indra Sistemas Receivables Turnover Calculation

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

Indra Sistemas'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 )
=	4343.072	/ (	(1109.012	+	1139.988)	/	2 )
=	4343.072	/	1124.5
=	3.86

Indra Sistemas'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 )
=	1117.7	/ (	(1139.988	+	0)	/	1 )
=	1117.7	/	1139.988
=	0.98

Indra Sistemas (FRA:IDA) 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.

Indra Sistemas Receivables Turnover Related Terms

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Indra Sistemas (FRA:IDA) Business Description

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ISMAY:USA IDRe:UK 0HA9:UK IDR:Spain

Address

Avenida de Bruselas, 35, Alcobendas, Madrid, ESP, 28108

Website

http://www.indra.es

Indra Sistemas SA is a Spain-based provider of information technology offerings for finance, insurance, public administration, airports, defense, healthcare, media, telecom, security, energy, and infrastructure end markets. Its product capabilities include analytics, cloud computing, enterprise resource planning, networks and communications, electoral processes, bus technology, subway technology, and sustainability solutions. The firm generates revenue in Europe, Africa, the Middle East, the Americas, and Asia-Pacific.