VZ Holding AG (XSWX:VZN) Receivables Turnover : 30.88 (As of Dec. 2023)

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What is VZ Holding AG 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. VZ Holding AG's Revenue for the six months ended in Dec. 2023 was CHF251.4 Mil. VZ Holding AG's average Accounts Receivable for the six months ended in Dec. 2023 was CHF8.1 Mil. Hence, VZ Holding AG's Receivables Turnover for the six months ended in Dec. 2023 was 30.88.

VZ Holding AG Receivables Turnover Historical Data

The historical data trend for VZ Holding AG'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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VZ Holding AG Receivables Turnover Chart

VZ Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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144.33

147.96

136.97

125.17

113.98

VZ Holding AG 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															61.38	63.39	54.27	35.63	30.88

Competitive Comparison of VZ Holding AG's Receivables Turnover

For the Asset Management subindustry, VZ Holding AG'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.

VZ Holding AG's Receivables Turnover Distribution in the Asset Management Industry

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

* The bar in red indicates where VZ Holding AG's Receivables Turnover falls into.

VZ Holding AG Receivables Turnover Calculation

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

VZ Holding AG'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 )
=	499.927	/ (	(3.22	+	5.552)	/	2 )
=	499.927	/	4.386
=	113.98

VZ Holding AG'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 )
=	251.395	/ (	(10.729	+	5.552)	/	2 )
=	251.395	/	8.1405
=	30.88

VZ Holding AG (XSWX:VZN) 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.

VZ Holding AG Receivables Turnover Related Terms

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VZ Holding AG (XSWX:VZN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » VZ Holding AG (XSWX:VZN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VZNz:UK

Address

Gotthardstrasse 6, Zurich, CHE, 8002

Website

https://www.vzch.com

VZ Holding AG offers financial advisory services for individuals and companies in many areas. The group helps clients plan retirement, investments, and it helps with mortgage financing. VZ also provides assistance with tax optimization. Corporate clients are assisted with benefits planning and risk management. As a holding company, VZ depends on its host of subsidiaries to bring a wealth of services to clients. Altogether, the group delivers assistance with insurance questions, administers and services mortgages, and engages in bank depository activities. Revenue is primarily earned from management fees on assets under management.

VZ Holding AG (XSWX:VZN) Headlines

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