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Novabase SGPS (XLIS:NBA) Receivables Turnover : 1.03 (As of Dec. 2023)


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What is Novabase SGPS 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. Novabase SGPS's Revenue for the six months ended in Dec. 2023 was €43.6 Mil. Novabase SGPS's average Accounts Receivable for the six months ended in Dec. 2023 was €42.5 Mil. Hence, Novabase SGPS's Receivables Turnover for the six months ended in Dec. 2023 was 1.03.

Novabase SGPS Receivables Turnover Historical Data

The historical data trend for Novabase SGPS'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.

* Premium members only.

Novabase SGPS Receivables Turnover Chart

Novabase SGPS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.97 3.49 3.80 2.76 3.08

Novabase SGPS Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.82 1.87 0.96 1.82 1.03

Competitive Comparison of Novabase SGPS's Receivables Turnover

For the Information Technology Services subindustry, Novabase SGPS'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.

Novabase SGPS's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Novabase SGPS's Receivables Turnover falls into.


Novabase SGPS Receivables Turnover Calculation

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

Novabase SGPS'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 )
=132.556 / ((49.433 + 36.559) / 2 )
=132.556 / 42.996
=3.08

Novabase SGPS'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 )
=43.645 / ((48.435 + 36.559) / 2 )
=43.645 / 42.497
=1.03

* 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.

Novabase SGPS  (XLIS:NBA) 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.

Novabase SGPS Receivables Turnover Related Terms

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Novabase SGPS (XLIS:NBA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Novabase SGPS (XLIS:NBA) » Definitions » Receivables Turnover
Comparable Companies
XLIS:GLINT XLIS:SNC ACN IBM NSE:TCS FI NSE:INFY NSE:HCLTECH FIS XPAR:CAP IT CTSH CDW TSE:6702 BOM:507685 TSX:GIB.A BR TSE:9613 SAU:7203 TSE:6701
Traded in Other Exchanges
NVQ:Germany
Address
Avenida D Joao II, 34, Parque das Nacoes, Lisbon, PRT, 1998-031
Website
https://www.novabase.pt
Novabase SGPS is engaged in holding and managing financial holding in other companies. The company operates in two business segments, namely, Next-Gen, which develops an IT consulting and services targeting mainly the financial services and Telecommunications industries. The Value Portfolio segment provides IT consulting and services to the government, transportation, energy industries, and IT staffing. It generates maximum revenue from the Next-Gen segment.