TXT e-solutions SpA (CHIX:TXTM) Receivables Turnover : 0.91 (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is TXT e-solutions SpA 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. TXT e-solutions SpA's Revenue for the three months ended in Mar. 2024 was €67.1 Mil. TXT e-solutions SpA's average Accounts Receivable for the three months ended in Mar. 2024 was €73.6 Mil. Hence, TXT e-solutions SpA's Receivables Turnover for the three months ended in Mar. 2024 was 0.91.

TXT e-solutions SpA Receivables Turnover Historical Data

The historical data trend for TXT e-solutions SpA'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.

TXT e-solutions SpA Receivables Turnover Chart

TXT e-solutions SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.54

2.51

2.45

2.59

3.04

TXT e-solutions SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.80	0.93	0.84	0.95	0.91

Competitive Comparison of TXT e-solutions SpA's Receivables Turnover

For the Software - Application subindustry, TXT e-solutions SpA'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.

TXT e-solutions SpA's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, TXT e-solutions SpA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TXT e-solutions SpA's Receivables Turnover falls into.

TXT e-solutions SpA Receivables Turnover Calculation

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

TXT e-solutions SpA'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 )
=	224.394	/ (	(73.116	+	74.346)	/	2 )
=	224.394	/	73.731
=	3.04

TXT e-solutions SpA's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	67.127	/ (	(74.346	+	72.841)	/	2 )
=	67.127	/	73.5935
=	0.91

TXT e-solutions SpA (CHIX:TXTm) 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.

TXT e-solutions SpA Receivables Turnover Related Terms

Thank you for viewing the detailed overview of TXT e-solutions SpA's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

TXT e-solutions SpA (CHIX:TXTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TXT e-solutions SpA (CHIX:TXTm) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TXT:Italy TXE:Germany

Address

Via Milano, No. 150, Cologno Monzese, Milan, ITA, 20093

Website

https://www.txtgroup.com

TXT e-solutions SpA is an Italy-based company. The company provides software and service solutions. Its products are used in the information technology sector (IT). The company business units include aerospace and aviation and Fintech. It generates maximum revenue from Aerospace, A&A segment. Geographically, it has a presence in Italy, Germany, the United Kingdom, France, Switzerland, and the USA.