Groupe Tera (XPAR:ALGTR) Receivables Turnover : 1.64 (As of Dec. 2023)

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What is Groupe Tera 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. Groupe Tera's Revenue for the six months ended in Dec. 2023 was €5.71 Mil. Groupe Tera's average Accounts Receivable for the six months ended in Dec. 2023 was €3.48 Mil. Hence, Groupe Tera's Receivables Turnover for the six months ended in Dec. 2023 was 1.64.

Groupe Tera Receivables Turnover Historical Data

The historical data trend for Groupe Tera'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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Groupe Tera Receivables Turnover Chart

Groupe Tera Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.37

4.06

3.97

3.75

3.98

Groupe Tera Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							1.86	1.65	1.78	1.94	1.64

Competitive Comparison of Groupe Tera's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Groupe Tera'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.

Groupe Tera's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Groupe Tera's Receivables Turnover distribution charts can be found below:

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

Groupe Tera Receivables Turnover Calculation

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

Groupe Tera'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 )
=	12.852	/ (	(3.428	+	3.031)	/	2 )
=	12.852	/	3.2295
=	3.98

Groupe Tera's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	5.71	/ (	(3.923	+	3.031)	/	2 )
=	5.71	/	3.477
=	1.64

Groupe Tera (XPAR:ALGTR) 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.

Groupe Tera Receivables Turnover Related Terms

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Groupe Tera (XPAR:ALGTR) Business Description

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Address

628 Rue Charles De Gaulle, Crolles, FRA, 38920

Website

http://www.groupe-tera.com

Groupe Tera SA is engaged in the field of measuring and monitoring air quality. The group works for the environmental, high technology and health sector to assist with the chemical characterisation of environment. It provides both the design of sensors for measuring the air quality and the laboratory analysis of the pollutants in the ambient air and in industrial discharges.

Groupe Tera (XPAR:ALGTR) Headlines

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