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Exel Composites Oyj (OHEL:EXL1V) Receivables Turnover : 2.65 (As of Dec. 2023)


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What is Exel Composites Oyj 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. Exel Composites Oyj's Revenue for the six months ended in Dec. 2023 was €42.61 Mil. Exel Composites Oyj's average Accounts Receivable for the six months ended in Dec. 2023 was €16.08 Mil. Hence, Exel Composites Oyj's Receivables Turnover for the six months ended in Dec. 2023 was 2.65.


Exel Composites Oyj Receivables Turnover Historical Data

The historical data trend for Exel Composites Oyj'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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Exel Composites Oyj Receivables Turnover Chart

Exel Composites Oyj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.75 6.13 6.80 6.69 6.14

Exel Composites Oyj 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.86 2.82 2.65 2.77 2.65

Competitive Comparison of Exel Composites Oyj's Receivables Turnover

For the Specialty Chemicals subindustry, Exel Composites Oyj'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.


Exel Composites Oyj's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Exel Composites Oyj's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Exel Composites Oyj's Receivables Turnover falls into.



Exel Composites Oyj Receivables Turnover Calculation

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

Exel Composites Oyj'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 )
=96.815 / ((19.285 + 12.252) / 2 )
=96.815 / 15.7685
=6.14

Exel Composites Oyj'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 )
=42.613 / ((19.901 + 12.252) / 2 )
=42.613 / 16.0765
=2.65

* 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.


Exel Composites Oyj  (OHEL:EXL1V) 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.


Exel Composites Oyj Receivables Turnover Related Terms

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Exel Composites Oyj (OHEL:EXL1V) Business Description

Traded in Other Exchanges
Address
Makituvantie 5, Vantaa, FIN, FI-01510
Exel Composites Oyj is a technology company engaged in designing, manufacturing, and marketing composite profiles and tubes for industrial applications. The products offered by the group include tubes, laminates, windows and doors, and others. The firm serves sector such as transportation, building, construction and infrastructure, energy industry, telecommunication, paper and electrical industries, cleaning and maintenance. The Group is engaged in Exel Composites. Geographically, the activities function through Finland.

Exel Composites Oyj (OHEL:EXL1V) Headlines

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