11 88 0 Solutions AG (XTER:TGT) Receivables Turnover : 2.43 (As of Sep. 2023)

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What is 11 88 0 Solutions AG 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. 11 88 0 Solutions AG's Revenue for the three months ended in Sep. 2023 was €14.03 Mil. 11 88 0 Solutions AG's average Accounts Receivable for the three months ended in Sep. 2023 was €5.77 Mil. Hence, 11 88 0 Solutions AG's Receivables Turnover for the three months ended in Sep. 2023 was 2.43.

11 88 0 Solutions AG Receivables Turnover Historical Data

The historical data trend for 11 88 0 Solutions AG'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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11 88 0 Solutions AG Receivables Turnover Chart

11 88 0 Solutions AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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4.16

4.53

5.28

5.53

5.97

11 88 0 Solutions AG Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.59	1.49	1.73	2.17	2.43

Competitive Comparison of 11 88 0 Solutions AG's Receivables Turnover

For the Telecom Services subindustry, 11 88 0 Solutions AG'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.

11 88 0 Solutions AG's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, 11 88 0 Solutions AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 11 88 0 Solutions AG's Receivables Turnover falls into.

11 88 0 Solutions AG Receivables Turnover Calculation

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

11 88 0 Solutions AG's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	56.528	/ (	(9.614	+	9.312)	/	2 )
=	56.528	/	9.463
=	5.97

11 88 0 Solutions AG'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 )
=	14.032	/ (	(5.694	+	5.837)	/	2 )
=	14.032	/	5.7655
=	2.43

11 88 0 Solutions AG (XTER:TGT) 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.

11 88 0 Solutions AG Receivables Turnover Related Terms

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11 88 0 Solutions AG (XTER:TGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » 11 88 0 Solutions AG (XTER:TGT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TGT:Germany TGT:Germany

Address

Hohenzollernstrasse 24, Essen, NW, DEU, 45128

Website

https://www.11880.com

11 88 0 Solutions AG is telecom service company based in Germany. The company has business segments that are Directory Assistance and Digital. The Directory Assistance segment provides services related to inquiries made at by phone for information regarding of phone numbers, pre-dial numbers and addresses while the Digital segment receives revenue from advertisements on the company's platforms and websites. The Digital segment also includes the software solutions business, which comprises digital telephone books and yellow pages on CDROM and as intranet and database solutions. The company's product line includes online marketing and various tools to analyze data. The Digital segment generates maximum revenue for the company.