Avemio AG (XTER:3D6) Receivables Turnover : 7.80 (As of Jun. 2023)

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What is Avemio 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. Avemio AG's Revenue for the six months ended in Jun. 2023 was €49.99 Mil. Avemio AG's average Accounts Receivable for the six months ended in Jun. 2023 was €6.41 Mil. Hence, Avemio AG's Receivables Turnover for the six months ended in Jun. 2023 was 7.80.

Avemio AG Receivables Turnover Historical Data

The historical data trend for Avemio 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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Avemio AG Receivables Turnover Chart

Avemio AG Annual Data

Trend

Dec19

Dec20

Dec21

Receivables Turnover

100.00

Avemio AG Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Receivables Turnover	Get a 7-Day Free Trial			-	-	100.00	-	7.80

Competitive Comparison of Avemio AG's Receivables Turnover

For the Consulting Services subindustry, Avemio 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.

Avemio AG's Receivables Turnover Distribution in the Business Services Industry

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

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

Avemio AG Receivables Turnover Calculation

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

Avemio AG's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	4	/ (	(0	+	0.04)	/	1 )
=	4	/	0.04
=	100.00

Avemio AG's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	49.986	/ (	(0	+	6.407)	/	1 )
=	49.986	/	6.407
=	7.80

Avemio AG (XTER:3D6) 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.

Avemio AG Receivables Turnover Related Terms

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Avemio AG (XTER:3D6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avemio AG (XTER:3D6) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

3D6:Germany

Address

Königsallee 60f, Dusseldorf, DEU, 40212

Website

http://www.palgon.de

Avemio AG Formerly Palgon AG provides management consulting services. It offers marketing, distribution, and other services in the field of information technology, including the Internet and data processing and related fields. Further, the group is also involved in acquiring, selling, renting, and managing real estate.

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