Punktid Technologies AS (OTSE:PNKTD) Receivables Turnover : 12.32 (As of Jun. 2023)

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What is Punktid Technologies AS 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. Punktid Technologies AS's Revenue for the six months ended in Jun. 2023 was €0.54 Mil. Punktid Technologies AS's average Accounts Receivable for the six months ended in Jun. 2023 was €0.04 Mil. Hence, Punktid Technologies AS's Receivables Turnover for the six months ended in Jun. 2023 was 12.32.

Punktid Technologies AS Receivables Turnover Historical Data

The historical data trend for Punktid Technologies AS'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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Punktid Technologies AS Receivables Turnover Chart

Punktid Technologies AS Annual Data

Trend

Dec21

Dec22

Receivables Turnover

36.58

Punktid Technologies AS Semi-Annual Data
	Jun22	Dec22	Jun23
Receivables Turnover	231.50	26.57	12.32

Competitive Comparison of Punktid Technologies AS's Receivables Turnover

For the Internet Retail subindustry, Punktid Technologies AS'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.

Punktid Technologies AS's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Punktid Technologies AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Punktid Technologies AS's Receivables Turnover falls into.

Punktid Technologies AS Receivables Turnover Calculation

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

Punktid Technologies AS's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	1.207	/ (	(0.012	+	0.054)	/	2 )
=	1.207	/	0.033
=	36.58

Punktid Technologies AS'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: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.536	/ (	(0.054	+	0.033)	/	2 )
=	0.536	/	0.0435
=	12.32

Punktid Technologies AS (OTSE:PNKTD) 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.

Punktid Technologies AS Receivables Turnover Related Terms

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Punktid Technologies AS (OTSE:PNKTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Punktid Technologies AS (OTSE:PNKTD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gamekeys OU, Tornimae 5, Tallinn, EST

Website

https://www.punktid.com

Punktid Technologies AS offers an online store selling game codes, gift cards, and software licenses.

Punktid Technologies AS (OTSE:PNKTD) Headlines

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