AS Bercman Technologies (OTSE:BERCM) Receivables Turnover : 4.13 (As of Dec. 2023)

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What is AS Bercman Technologies 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. AS Bercman Technologies's Revenue for the six months ended in Dec. 2023 was €0.80 Mil. AS Bercman Technologies's average Accounts Receivable for the six months ended in Dec. 2023 was €0.19 Mil. Hence, AS Bercman Technologies's Receivables Turnover for the six months ended in Dec. 2023 was 4.13.

AS Bercman Technologies Receivables Turnover Historical Data

The historical data trend for AS Bercman Technologies'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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AS Bercman Technologies Receivables Turnover Chart

AS Bercman Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

8.83

10.42

0.48

9.98

11.63

AS Bercman Technologies Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			0.46	4.33	4.74	3.62	4.13

Competitive Comparison of AS Bercman Technologies's Receivables Turnover

For the Software - Application subindustry, AS Bercman Technologies'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.

AS Bercman Technologies's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, AS Bercman Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AS Bercman Technologies's Receivables Turnover falls into.

AS Bercman Technologies Receivables Turnover Calculation

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

AS Bercman Technologies'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 )
=	1.669	/ (	(0.19	+	0.097)	/	2 )
=	1.669	/	0.1435
=	11.63

AS Bercman Technologies'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 )
=	0.8	/ (	(0.29	+	0.097)	/	2 )
=	0.8	/	0.1935
=	4.13

AS Bercman Technologies (OTSE:BERCM) 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.

AS Bercman Technologies Receivables Turnover Related Terms

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AS Bercman Technologies (OTSE:BERCM) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Riia 26, Tartu maakond, Tartu, EST, 50405

Website

https://www.bercman.com

AS Bercman Technologies is a technology company. It is engaged in the development and sale of Smart City and mobility-related technologies and products to European markets. The company offers solutions related to traffic and public transportation such as Smart Pedestrian Crosswalk, Smart Mobility Hub, Traffic Sensing with V2X, Automatic giving way detection, Smart Intersection Control, and Railway Management Systems. The company's main target market is the European Union Member States, mainly due to the similarities of the Union-wide regulations.

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