Norsk Hydro ASA (Norsk Hydro ASA) Receivables Turnover : 2.19 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Norsk Hydro ASA 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. Norsk Hydro ASA's Revenue for the three months ended in Dec. 2023 was $4,432 Mil. Norsk Hydro ASA's average Accounts Receivable for the three months ended in Dec. 2023 was $2,026 Mil. Hence, Norsk Hydro ASA's Receivables Turnover for the three months ended in Dec. 2023 was 2.19.

Norsk Hydro ASA Receivables Turnover Historical Data

The historical data trend for Norsk Hydro ASA'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.

* Premium members only.

Norsk Hydro ASA Receivables Turnover Chart

Norsk Hydro ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

9.03

7.51

8.91

11.17

10.70

Norsk Hydro ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.94	2.03	1.89	1.66	2.19

Competitive Comparison of Norsk Hydro ASA's Receivables Turnover

For the Aluminum subindustry, Norsk Hydro ASA'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.

Norsk Hydro ASA's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Norsk Hydro ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Norsk Hydro ASA's Receivables Turnover falls into.

Norsk Hydro ASA Receivables Turnover Calculation

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

Norsk Hydro ASA'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 )
=	18353.556	/ (	(1837.431	+	1592.223)	/	2 )
=	18353.556	/	1714.827
=	10.70

Norsk Hydro ASA'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	4431.911	/ (	(2460.395	+	1592.223)	/	2 )
=	4431.911	/	2026.309
=	2.19

Norsk Hydro ASA (OTCPK:NHYKF) 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.

Norsk Hydro ASA Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Norsk Hydro ASA's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Norsk Hydro ASA (Norsk Hydro ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norsk Hydro ASA (OTCPK:NHYKF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NHYDY:USA NHYo:Sweden NHY:Norway NHYo:UK 0Q11:UK NOH1:Germany

Address

Postboks 980 Skøyen,, Oslo, NOR, NO-0240

Website

https://www.hydro.com

Norsk Hydro ASA is an aluminium and renewable energy company committed to a sustainable future. It's engaged in energy to bauxite mining and alumina refining, primary aluminium, aluminium extrusions, and aluminium recycling. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Extrusions, and Hydro Energy, as well as the Hydro Metal Markets activities. Hydro Extrusions delivers products within extrusion profiles, building systems, and precision tubing, and is operating several recycling facilities, both integrated with its extrusion plants and separate plants. Hydro Extrusions are present in about 40 countries. It is delivered to sectors such as construction, automotive and heating, etc. Key revenue comes from the Hydro Extrusions segment.

Norsk Hydro ASA (Norsk Hydro ASA) Headlines

From GuruFocus

Norsk Hydro ASA Stock Shows Every Sign Of Being Significantly Overvalued

By GF Value GF Value • 03-31-2021

Norsk Hydro ASA Stock Gives Every Indication Of Being Significantly Overvalued

By GF Value GF Value • 04-30-2021

KPS Capital Partners to Acquire Aluminum Rolling Business from Norsk Hydro ASA

By PRNewswire PRNewswire • 03-05-2021

Norsk Hydro to Webcast Live at VirtualInvestorConferences.com June 20ᵗʰ

By PRNewswire PRNewswire • 06-17-2019