Neurones (XPAR:NRO) Receivables Turnover : 2.23 (As of Dec. 2023)

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What is Neurones 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. Neurones's Revenue for the six months ended in Dec. 2023 was €372.5 Mil. Neurones's average Accounts Receivable for the six months ended in Dec. 2023 was €167.0 Mil. Hence, Neurones's Receivables Turnover for the six months ended in Dec. 2023 was 2.23.

Neurones Receivables Turnover Historical Data

The historical data trend for Neurones'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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Neurones Receivables Turnover Chart

Neurones Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.83

3.98

4.29

4.34

4.32

Neurones 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															2.17	2.27	2.13	2.26	2.23

Competitive Comparison of Neurones's Receivables Turnover

For the Information Technology Services subindustry, Neurones'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.

Neurones's Receivables Turnover Distribution in the Software Industry

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

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

Neurones Receivables Turnover Calculation

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

Neurones'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 )
=	741.175	/ (	(167.638	+	175.134)	/	2 )
=	741.175	/	171.386
=	4.32

Neurones'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 )
=	372.483	/ (	(158.872	+	175.134)	/	2 )
=	372.483	/	167.003
=	2.23

Neurones (XPAR:NRO) 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.

Neurones Receivables Turnover Related Terms

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Neurones (XPAR:NRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neurones (XPAR:NRO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NE9:Germany

Address

Immeuble Le Clemenceau 1 - 205, Avenue Georges Clemenceau, Nanterre Cedex, Paris, FRA, 92024

Website

https://www.neurones.net

Neurones SA is a France-based technology sector company. Its core business involves the provision of Information Technology (IT) services catering to the needs of hardware, software, and consulting. Its operations are thereby divided into three segments: Infrastructure Services, Application Services, and Consulting. The Infrastructure segment is the strongest revenue driver through the provision of such services as IT operations, IT service management, systems and network, server, application, and workstation outsourcing. Its second most profitable business is carried out through the Application segment, which entails SAP, Web and decision support, social media, data analysis.