Euroapi (XPAR:EAPI) Receivables Turnover : 2.29 (As of Dec. 2023)

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What is Euroapi 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. Euroapi's Revenue for the six months ended in Dec. 2023 was €520 Mil. Euroapi's average Accounts Receivable for the six months ended in Dec. 2023 was €227 Mil. Hence, Euroapi's Receivables Turnover for the six months ended in Dec. 2023 was 2.29.

Euroapi Receivables Turnover Historical Data

The historical data trend for Euroapi'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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Euroapi Receivables Turnover Chart

Euroapi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.48

4.73

4.12

3.90

4.24

Euroapi Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			1.92	1.92	1.87	1.99	2.29

Competitive Comparison of Euroapi's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Euroapi'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.

Euroapi's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Euroapi's Receivables Turnover distribution charts can be found below:

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

Euroapi Receivables Turnover Calculation

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

Euroapi'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 )
=	1018.9	/ (	(264.2	+	216.3)	/	2 )
=	1018.9	/	240.25
=	4.24

Euroapi'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 )
=	520.4	/ (	(238	+	216.3)	/	2 )
=	520.4	/	227.15
=	2.29

Euroapi (XPAR:EAPI) 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.

Euroapi Receivables Turnover Related Terms

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Euroapi (XPAR:EAPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Euroapi SA (XPAR:EAPI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EAPIF:USA 940:Germany

Address

15 rue Traversiere, Paris, FRA, 75012

Website

https://www.euroapi.com

Euroapi SA offers both API Solutions and Contract Development and Manufacturing Organization CDMO. The company provides expertise in Quality, Regulatory and Supply and have dedicated commercial teams for its clients around the globe.

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