Prodways Group (XPAR:PWG) Receivables Turnover : 2.14 (As of Dec. 2023)

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What is Prodways Group 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. Prodways Group's Revenue for the six months ended in Dec. 2023 was €31.53 Mil. Prodways Group's average Accounts Receivable for the six months ended in Dec. 2023 was €14.72 Mil. Hence, Prodways Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.14.

Prodways Group Receivables Turnover Historical Data

The historical data trend for Prodways Group'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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Prodways Group Receivables Turnover Chart

Prodways Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.85

4.64

6.38

5.75

4.94

Prodways Group Semi-Annual Data
	Dec14	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													3.12	3.29	2.71	2.78	2.14

Competitive Comparison of Prodways Group's Receivables Turnover

For the Computer Hardware subindustry, Prodways Group'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.

Prodways Group's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Prodways Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Prodways Group's Receivables Turnover falls into.

Prodways Group Receivables Turnover Calculation

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

Prodways Group'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 )
=	74.565	/ (	(15.877	+	14.324)	/	2 )
=	74.565	/	15.1005
=	4.94

Prodways Group'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 )
=	31.534	/ (	(15.124	+	14.324)	/	2 )
=	31.534	/	14.724
=	2.14

Prodways Group (XPAR:PWG) 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.

Prodways Group Receivables Turnover Related Terms

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Prodways Group (XPAR:PWG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Prodways Group SA (XPAR:PWG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PRWYF:USA 5PD:Germany

Address

30 rue de Gramont, Paris, FRA, 75002

Website

https://www.prodways-group.com

Prodways Group SA is a France-based company engaged in providing 3D printing solutions. The company offers printing machinery for jewelry, footwear, industrial design, architecture, engineering and construction, and automotive sectors. It operates through two business segments: Products and Systems. The system segment includes Prodways, Prodways Americas, Prodways Materials, Deltamed, Exceltec, Prodways Rapid Additive Forging, Groupe Avenao and Solidscape. The product segment includes Initial, Cristal, Podo 3d, Prodways Conseil, Interson Protac, Varia 3d and Dentosmile. It generates maximum revenue from the Systems segment.

Prodways Group (XPAR:PWG) Headlines

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