Sage Group (The) (FRA:SGK1) Receivables Turnover : 3.36 (As of Mar. 2024)

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What is Sage Group (The) 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. Sage Group (The)'s Revenue for the six months ended in Mar. 2024 was €1,347 Mil. Sage Group (The)'s average Accounts Receivable for the six months ended in Mar. 2024 was €401 Mil. Hence, Sage Group (The)'s Receivables Turnover for the six months ended in Mar. 2024 was 3.36.

Sage Group (The) Receivables Turnover Historical Data

The historical data trend for Sage Group (The)'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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Sage Group (The) Receivables Turnover Chart

Sage Group (The) Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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5.84

7.10

8.04

7.55

7.69

Sage Group (The) Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.33	3.28	3.38	3.34	3.36

Competitive Comparison of Sage Group (The)'s Receivables Turnover

For the Software - Application subindustry, Sage Group (The)'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.

Sage Group (The)'s Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Sage Group (The)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sage Group (The)'s Receivables Turnover falls into.

Sage Group (The) Receivables Turnover Calculation

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

Sage Group (The)'s Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	2532.683	/ (	(313.409	+	345.577)	/	2 )
=	2532.683	/	329.493
=	7.69

Sage Group (The)'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1346.684	/ (	(345.577	+	457.078)	/	2 )
=	1346.684	/	401.3275
=	3.36

Sage Group (The) (FRA:SGK1) 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.

Sage Group (The) Receivables Turnover Related Terms

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Sage Group (The) (FRA:SGK1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sage Group (The) PLC (FRA:SGK1) » Definitions » Receivables Turnover

Comparable Companies

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SGPYY:USA SGGEF:USA SGEl:UK SGE:UK

Address

C23 - 5 & 6 Cobalt Park Way, Cobalt Park, Newcastle upon Tyne, GBR, NE28 9EJ

Website

https://www.sage.com

The Sage Group is a U.K.-based provider of accounting and enterprise resource planning, or ERP, software, predominantly to customers in the U.S. and Europe. The company was founded in 1981 and historically sold on-premises software products with perpetual software licenses. However, the company is transitioning toward cloud connected and cloud native products, sold via software-as-a-service, or SaaS, contracts. Sage's main cloud native products include Sage Accounting, for small businesses, and Sage Intacct, which Sage acquired in 2017, for midsize businesses.

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