Ebix (STU:EWZ) Receivables Turnover : 0.75 (As of Sep. 2023)

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

What is Ebix 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. Ebix's Revenue for the three months ended in Sep. 2023 was €111.7 Mil. Ebix's average Accounts Receivable for the three months ended in Sep. 2023 was €148.5 Mil. Hence, Ebix's Receivables Turnover for the three months ended in Sep. 2023 was 0.75.

Ebix Receivables Turnover Historical Data

The historical data trend for Ebix'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.

Ebix Receivables Turnover Chart

Ebix Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

Get a 7-Day Free Trial

3.82

3.90

4.02

6.95

7.04

Ebix Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.68	1.59	1.53	0.73	0.75

Competitive Comparison of Ebix's Receivables Turnover

For the Software - Application subindustry, Ebix'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.

Ebix's Receivables Turnover Distribution in the Software Industry

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

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

Ebix Receivables Turnover Calculation

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

Ebix'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 )
=	991.338	/ (	(135.944	+	145.879)	/	2 )
=	991.338	/	140.9115
=	7.04

Ebix's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	111.717	/ (	(150.602	+	146.455)	/	2 )
=	111.717	/	148.5285
=	0.75

Ebix (STU:EWZ) 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.

Ebix Receivables Turnover Related Terms

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

Ebix (STU:EWZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ebix Inc (STU:EWZ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EBIXQ:USA

Address

1 Ebix Way, Johns Creek, GA, USA, 30097

Website

https://www.ebix.com

Ebix Inc is a provider of enterprise cloud e-commerce solutions for the insurance, finance, and healthcare industries. The company derives its revenues primarily from its financial transaction fees, software subscription, and transaction fees, software license fees, risk compliance solutions services fees, and professional service fees, including associated fees for consulting, implementation, training, and project management provided to customers with installed systems and applications. These exchanges connect multiple entities within the insurance and healthcare markets, enabling participants to carry and process data from one entity to another. Ebix generates the majority of its revenue from India.