Cint Group AB (OSTO:CINT) Receivables Turnover : 0.38 (As of Mar. 2024)

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What is Cint Group AB 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. Cint Group AB's Revenue for the three months ended in Mar. 2024 was kr412 Mil. Cint Group AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr1,091 Mil. Hence, Cint Group AB's Receivables Turnover for the three months ended in Mar. 2024 was 0.38.

Cint Group AB Receivables Turnover Historical Data

The historical data trend for Cint Group AB'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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Cint Group AB Receivables Turnover Chart

Cint Group AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.64

3.59

2.35

3.11

2.68

Cint Group AB Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														0.64	0.80	0.73	0.73	0.38

Competitive Comparison of Cint Group AB's Receivables Turnover

For the Software - Application subindustry, Cint Group AB'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.

Cint Group AB's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Cint Group AB's Receivables Turnover distribution charts can be found below:

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

Cint Group AB Receivables Turnover Calculation

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

Cint Group AB'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 )
=	2981.505	/ (	(1148.847	+	1073.871)	/	2 )
=	2981.505	/	1111.359
=	2.68

Cint Group AB'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 )
=	412.084	/ (	(1073.871	+	1107.83)	/	2 )
=	412.084	/	1090.8505
=	0.38

Cint Group AB (OSTO:CINT) 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.

Cint Group AB Receivables Turnover Related Terms

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Cint Group AB (OSTO:CINT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cint Group AB (OSTO:CINT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

8QX:Germany

Address

Luntmakargatan 18, 1tr, Stockholm, SWE, 111 37

Website

https://www.cint.com

Cint Group AB is engaged in digital insights gathering of consumer insights. The software platform helps its customer segments in two ways. For its established insight company segment, it digitalizes the insights-gathering process and for the tech-enabled business segment, it provides unprecedented audience scale.