Glintt - Global Intelligent Technologies (XLIS:GLINT) Receivables Turnover : 1.15 (As of Dec. 2023)

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What is Glintt - Global Intelligent 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. Glintt - Global Intelligent Technologies's Revenue for the three months ended in Dec. 2023 was €30.1 Mil. Glintt - Global Intelligent Technologies's average Accounts Receivable for the three months ended in Dec. 2023 was €26.2 Mil. Hence, Glintt - Global Intelligent Technologies's Receivables Turnover for the three months ended in Dec. 2023 was 1.15.

Glintt - Global Intelligent Technologies Receivables Turnover Historical Data

The historical data trend for Glintt - Global Intelligent 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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Glintt - Global Intelligent Technologies Receivables Turnover Chart

Glintt - Global Intelligent Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.76

5.48

5.03

4.71

4.88

Glintt - Global Intelligent Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.20	1.08	1.18	1.12	1.15

Competitive Comparison of Glintt - Global Intelligent Technologies's Receivables Turnover

For the Information Technology Services subindustry, Glintt - Global Intelligent 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.

Glintt - Global Intelligent Technologies's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Glintt - Global Intelligent Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Glintt - Global Intelligent Technologies's Receivables Turnover falls into.

Glintt - Global Intelligent Technologies Receivables Turnover Calculation

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

Glintt - Global Intelligent 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 )
=	120.16	/ (	(26.167	+	23.037)	/	2 )
=	120.16	/	24.602
=	4.88

Glintt - Global Intelligent 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	30.094	/ (	(29.328	+	23.037)	/	2 )
=	30.094	/	26.1825
=	1.15

Glintt - Global Intelligent Technologies (XLIS:GLINT) 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.

Glintt - Global Intelligent Technologies Receivables Turnover Related Terms

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Glintt - Global Intelligent Technologies (XLIS:GLINT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Glintt - Global Intelligent Technologies SA (XLIS:GLINT) » Definitions » Receivables Turnover

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PAJA:Germany

Address

Beloura Office Park, Edificio 10, Quinta da Beloura, Sintra, PRT, 2710-693

Website

http://www.glintt.com

Glintt - Global Intelligent Technologies SA along with its holding provides Information Technology and related consulting services. It offers business consulting, management of IT infrastructures and solutions, physical design & automation, software solution, and support services. The company serves healthcare, pharma, financial services, and public sector. It operates in Portugal, Spain, Angola, Brazil, the United Kingdom, and Ireland.

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