ReadSoft AB (OSTO:RSOF B) Receivables Turnover : 0.86 (As of Jun. 2014)

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What is ReadSoft 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. ReadSoft AB's Revenue for the three months ended in Jun. 2014 was kr209.3 Mil. ReadSoft AB's average Accounts Receivable for the three months ended in Jun. 2014 was kr243.5 Mil. Hence, ReadSoft AB's Receivables Turnover for the three months ended in Jun. 2014 was 0.86.

ReadSoft AB Receivables Turnover Historical Data

The historical data trend for ReadSoft 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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ReadSoft AB Receivables Turnover Chart

ReadSoft AB Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

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Dec13

Receivables Turnover

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3.00

3.07

2.98

2.65

ReadSoft AB Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Receivables Turnover	Get a 7-Day Free Trial															0.90	0.87	0.96	0.69	0.86

Competitive Comparison of ReadSoft AB's Receivables Turnover

For the Software - Application subindustry, ReadSoft 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.

ReadSoft AB's Receivables Turnover Distribution in the Software Industry

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

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

ReadSoft AB Receivables Turnover Calculation

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

ReadSoft AB's Receivables Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Receivables Turnover (A: Dec. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2013 )	/ (	(Accounts Receivable (A: Dec. 2012 )	+	Accounts Receivable (A: Dec. 2013 ))	/	count )
=	761.284	/ (	(294.689	+	279.364)	/	2 )
=	761.284	/	287.0265
=	2.65

ReadSoft AB's Receivables Turnover for the quarter that ended in Jun. 2014 is calculated as

	Receivables Turnover (Q: Jun. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2014 )	/ (	(Accounts Receivable (Q: Mar. 2014 )	+	Accounts Receivable (Q: Jun. 2014 ))	/	count )
=	209.3	/ (	(235.4	+	251.6)	/	2 )
=	209.3	/	243.5
=	0.86

ReadSoft AB (OSTO:RSOF B) 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.

ReadSoft AB Receivables Turnover Related Terms

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ReadSoft AB (OSTO:RSOF B) Business Description

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ReadSoft AB is a Sweden-based company that creates and markets software and services for document automation, processes such as data entry, information verification, document workflows, and e-voicing. The company operates in over 16 countries worldwide, with partnerships in an additional 70. The company offers solutions primarily for industries such as banking, manufacturing, service bureaus, market research, insurance, government, and medical. Major customers include IKEA, Audi, Porsche, Yves Rocher, Swedish Tax, DaimlerChrysler, HSBS Bank, Avon, Bosch, London Underground, New York Transit, Toyota, Volvo, Monoprix, Ericsson, and ING. The company is headquartered in Helsingborg, Sweden. The company offers ReadSoft DOCUMENTS, a complete software platform for document automation. The product incorporates five Automation Areas: Capture, capturing the information in any format and making it ready for electronic processing; Understand, enabling the computer to read, sort, interpret, extract, and index documents electronically; Manage, providing customers with control of electronic documents, including the verification and quality control with archiving and monitoring capabilities; Integrate, integration with the business software; and Interchange, Electronic Data Interchange. Capabilities within each Automation Area are customized to the needs of the customer, and solutions can be expanded to include any required extra capabilities. Also, this software can be integrated with systems such as SAP and Oracle E-Business Suite, Intentia, and IFS. ReadSoft business solutions for specific areas include: ReadSoft Documents for Mailrooms, Documents for EDI, Documents for Invoices, and Documents for Forms. Additionally, the company offers Professional Services such as project management and customization, Solution Optimization, Training, and Technical Support.

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