Crescent NV (FRA:OINA) Receivables Turnover : 2.13 (As of Jun. 2023)

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What is Crescent 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. Crescent NV's Revenue for the six months ended in Jun. 2023 was €7.82 Mil. Crescent NV's average Accounts Receivable for the six months ended in Jun. 2023 was €3.67 Mil. Hence, Crescent NV's Receivables Turnover for the six months ended in Jun. 2023 was 2.13.

Crescent NV Receivables Turnover Historical Data

The historical data trend for Crescent 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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Crescent NV Receivables Turnover Chart

Crescent NV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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5.24

6.17

6.58

7.28

6.60

Crescent NV Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															3.10	3.37	2.98	2.70	2.13

Competitive Comparison of Crescent NV's Receivables Turnover

For the Communication Equipment subindustry, Crescent 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.

Crescent NV's Receivables Turnover Distribution in the Hardware Industry

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

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

Crescent NV Receivables Turnover Calculation

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

Crescent NV'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 )
=	21.11	/ (	(2.16	+	4.236)	/	2 )
=	21.11	/	3.198
=	6.60

Crescent NV's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	7.824	/ (	(4.236	+	3.096)	/	2 )
=	7.824	/	3.666
=	2.13

Crescent NV (FRA:OINA) 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.

Crescent NV Receivables Turnover Related Terms

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Crescent NV (FRA:OINA) Business Description

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OPTI:Belgium

Address

Gaston Geenslaan 14, Leuven, BEL, 3001

Website

https://www.crescent-ventures.com

Crescent NV is a Belgium-based end-to-end IoT solutions integrator. The group is organized in three business units: Crescent Solutions, formed by Option, which is a renowned developer and manufacturer of IoT components and solutions for worldwide markets; SAIT; and Maro. It is also a leading developer and producer of smart and energy-efficient public lighting based on LED technology; trusted provider of managed, cloud and infrastructure services.

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