Applus Services (XMAD:APPS) Receivables Turnover : 2.24 (As of Dec. 2023)

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What is Applus Services 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. Applus Services's Revenue for the six months ended in Dec. 2023 was €1,057 Mil. Applus Services's average Accounts Receivable for the six months ended in Dec. 2023 was €471 Mil. Hence, Applus Services's Receivables Turnover for the six months ended in Dec. 2023 was 2.24.

Applus Services Receivables Turnover Historical Data

The historical data trend for Applus Services'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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Applus Services Receivables Turnover Chart

Applus Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.66

4.39

4.97

4.52

4.51

Applus Services 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															2.51	2.17	2.17	2.16	2.24

Competitive Comparison of Applus Services's Receivables Turnover

For the Specialty Business Services subindustry, Applus Services'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.

Applus Services's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Applus Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Applus Services's Receivables Turnover falls into.

Applus Services Receivables Turnover Calculation

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

Applus Services'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 )
=	2057.916	/ (	(447.609	+	465.25)	/	2 )
=	2057.916	/	456.4295
=	4.51

Applus Services'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 )
=	1057.079	/ (	(477.207	+	465.25)	/	2 )
=	1057.079	/	471.2285
=	2.24

Applus Services (XMAD:APPS) 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.

Applus Services Receivables Turnover Related Terms

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Applus Services (XMAD:APPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Applus Services SA (XMAD:APPS) » Definitions » Receivables Turnover

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0QTZ:UK 39A:Germany

Address

C/ Campezo n 1, Parque Empresarial Las Mercedes, Edificio 3, Madrid, ESP, 28022

Website

https://www.applus.com

Applus Services SA is a Spain-based company that provides testing, inspection and certification services. The company operates through four divisions. The energy and industry division, which accounts for the majority of revenue, is primarily engaged in industrial and environmental inspection, technical assistance, technical staffing, and others. The automotive division conducts statutory vehicle inspection services for safety and emissions. The IDIADA division provides vehicle proving ground, engineering, design and other services. The laboratories division conducts product testing and certification services for laboratories. Europe, North America, Asia Pacific are the three biggest markets for the company.