Merus Power Oyj (OHEL:MERUS) Receivables Turnover : 3.93 (As of Dec. 2023)

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What is Merus Power 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. Merus Power Oyj's Revenue for the six months ended in Dec. 2023 was €15.47 Mil. Merus Power Oyj's average Accounts Receivable for the six months ended in Dec. 2023 was €3.94 Mil. Hence, Merus Power Oyj's Receivables Turnover for the six months ended in Dec. 2023 was 3.93.

Merus Power Oyj Receivables Turnover Historical Data

The historical data trend for Merus Power 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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Merus Power Oyj Receivables Turnover Chart

Merus Power Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.48

7.18

12.51

5.38

7.65

Merus Power Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					9.46	4.84	3.55	2.93	3.93

Competitive Comparison of Merus Power Oyj's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Merus Power 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.

Merus Power Oyj's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Merus Power Oyj's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Merus Power Oyj's Receivables Turnover falls into.

Merus Power Oyj Receivables Turnover Calculation

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

Merus Power 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 )
=	29.031	/ (	(4.491	+	3.097)	/	2 )
=	29.031	/	3.794
=	7.65

Merus Power 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 )
=	15.472	/ (	(4.776	+	3.097)	/	2 )
=	15.472	/	3.9365
=	3.93

Merus Power Oyj (OHEL:MERUS) 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.

Merus Power Oyj Receivables Turnover Related Terms

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Merus Power Oyj (OHEL:MERUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Merus Power Oyj (OHEL:MERUS) » Definitions » Receivables Turnover

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Traded in Other Exchanges

99H:Germany

Address

Pirkkalaistie 1, Nokia, FIN, 37100

Website

https://www.meruspower.fi

Merus Power Oyj Is engaged in the design, manufacturing and sale of domestic innovative electricity storage, power quality solutions and services. The company's business is based on scalable and modular power electronics, intelligent software technologies and electrical engineering expertise.

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