Flexdeal Simfe (XLIS:FLEXD) Receivables Turnover : 1.91 (As of Sep. 2023)

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What is Flexdeal Simfe 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. Flexdeal Simfe's Revenue for the six months ended in Sep. 2023 was €0.51 Mil. Flexdeal Simfe's average Accounts Receivable for the six months ended in Sep. 2023 was €0.27 Mil. Hence, Flexdeal Simfe's Receivables Turnover for the six months ended in Sep. 2023 was 1.91.

Flexdeal Simfe Receivables Turnover Historical Data

The historical data trend for Flexdeal Simfe'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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Flexdeal Simfe Receivables Turnover Chart

Flexdeal Simfe Annual Data

Trend

Dec16

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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7.93

10.30

7.11

6.01

5.07

Flexdeal Simfe Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial							0.88	3.07	3.47	3.64	1.91

Competitive Comparison of Flexdeal Simfe's Receivables Turnover

For the Asset Management subindustry, Flexdeal Simfe'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.

Flexdeal Simfe's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Flexdeal Simfe's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Flexdeal Simfe's Receivables Turnover falls into.

Flexdeal Simfe Receivables Turnover Calculation

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

Flexdeal Simfe's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	1.1	/ (	(0.112	+	0.322)	/	2 )
=	1.1	/	0.217
=	5.07

Flexdeal Simfe's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.51	/ (	(0.212	+	0.322)	/	2 )
=	0.51	/	0.267
=	1.91

Flexdeal Simfe (XLIS:FLEXD) 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.

Flexdeal Simfe Receivables Turnover Related Terms

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Flexdeal Simfe (XLIS:FLEXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flexdeal Simfe SA (XLIS:FLEXD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Dr. Francisco Torres N.78, Barcelos, PRT, 4750-160

Website

https://www.flexdeal.pt

Flexdeal Simfe SA is an investment managment company. The company invests in securities issued by companies eligible for investment by movable investment companies to promote the economy.

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