Axway Software (XPAR:AXW) Receivables Turnover : 2.92 (As of Dec. 2023)

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What is Axway Software 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. Axway Software's Revenue for the six months ended in Dec. 2023 was €173.5 Mil. Axway Software's average Accounts Receivable for the six months ended in Dec. 2023 was €59.4 Mil. Hence, Axway Software's Receivables Turnover for the six months ended in Dec. 2023 was 2.92.

Axway Software Receivables Turnover Historical Data

The historical data trend for Axway Software'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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Axway Software Receivables Turnover Chart

Axway Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.03

5.51

5.80

5.53

4.62

Axway Software Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.47	2.78	3.14	2.66	2.92

Competitive Comparison of Axway Software's Receivables Turnover

For the Software - Application subindustry, Axway Software'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.

Axway Software's Receivables Turnover Distribution in the Software Industry

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

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

Axway Software Receivables Turnover Calculation

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

Axway Software'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 )
=	318.976	/ (	(64.302	+	73.727)	/	2 )
=	318.976	/	69.0145
=	4.62

Axway Software'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 )
=	173.52	/ (	(45.159	+	73.727)	/	2 )
=	173.52	/	59.443
=	2.92

Axway Software (XPAR:AXW) 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.

Axway Software Receivables Turnover Related Terms

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Axway Software (XPAR:AXW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Axway Software (XPAR:AXW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

1XV:Germany

Address

16220 N Scottsdale Road, Suite 500, Scottsdale, AZ, USA, 85254

Website

https://www.axway.com

Axway Software is a France-based company involved in the Software Application division. The business activity of the group includes publishing, sale, distribution, installation and maintenance of software packages; design and development of software programme, the sale of IT systems and hardware, and provides related services, training, consultancy, and hosting. The company's core product, named AMPLIFY, is a cloud-enabled data integration and engagement platform, which enables businesses to manage the customer experience networks. Geographically, the business presence of the firm is seen across the region of Rest of Europe, Americas, France, and Asia Pacific region.

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