This ratio shows the trade receivables collecting speed of the company.
It is expected to be a low value. If the value is high, it shows the net working capital need.
 

Calculation:

Receivables Turnover = Net Sales TTM / Average Trade Receivables

Net Sales TTM is calculated by summing the Sales values of the selected quarter and the previous 3 quarters.

Average Trade Receivables are the average of the Trade Receivables values of the selected quarter and the previous 4 quarters.