Dustin Group AB (Dustin Group AB) Receivables Turnover : 1.81 (As of Feb. 2024)

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What is Dustin Group AB 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. Dustin Group AB's Revenue for the three months ended in Feb. 2024 was $503 Mil. Dustin Group AB's average Accounts Receivable for the three months ended in Feb. 2024 was $278 Mil. Hence, Dustin Group AB's Receivables Turnover for the three months ended in Feb. 2024 was 1.81.

Dustin Group AB Receivables Turnover Historical Data

The historical data trend for Dustin Group AB'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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Dustin Group AB Receivables Turnover Chart

Dustin Group AB Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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8.91

10.25

8.11

7.74

7.87

Dustin Group AB Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															2.02	1.78	1.70	2.10	1.81

Competitive Comparison of Dustin Group AB's Receivables Turnover

For the Information Technology Services subindustry, Dustin Group AB'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.

Dustin Group AB's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Dustin Group AB's Receivables Turnover falls into.

Dustin Group AB Receivables Turnover Calculation

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

Dustin Group AB's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	2177.226	/ (	(305.066	+	248.405)	/	2 )
=	2177.226	/	276.7355
=	7.87

Dustin Group AB's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	503.165	/ (	(269.875	+	285.501)	/	2 )
=	503.165	/	277.688
=	1.81

Dustin Group AB (OTCPK:DUSXF) 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.

Dustin Group AB Receivables Turnover Related Terms

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Dustin Group AB (Dustin Group AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dustin Group AB (OTCPK:DUSXF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DUST:Sweden 0R5W:UK 9DG:Germany

Address

Augustendalsvagen 7, Nacka Strand, SWE, SE-131 52

Website

https://www.dustingroup.com

Dustin Group AB operates as a IT resellers in the Nordic region. It offers a broad range of hardware, software and associated services and solutions. It operates through the following business segments: Small and Medium-sized Businesses; Large Corporate and Public Sector and Business to Consumer. The company generates maximum revenue from the Large Corporate and Public Sector (LCP) segment. Geographically, it derives a majority of revenue from Sweden. Its product offering comprises computers, tablets, accessories, phones, audio and video equipment, office equipment, and software.