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Biokraft International AB (OSTO:BIOGAS) Receivables Turnover : 1.58 (As of Sep. 2023)


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What is Biokraft International 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. Biokraft International AB's Revenue for the three months ended in Sep. 2023 was kr113.9 Mil. Biokraft International AB's average Accounts Receivable for the three months ended in Sep. 2023 was kr72.1 Mil. Hence, Biokraft International AB's Receivables Turnover for the three months ended in Sep. 2023 was 1.58.


Biokraft International AB Receivables Turnover Historical Data

The historical data trend for Biokraft International 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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Biokraft International AB Receivables Turnover Chart

Biokraft International AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial 7.35 6.62 5.45 6.83 6.99

Biokraft International AB Quarterly Data
Dec17 Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 1.46 1.77 2.28 2.22 1.58

Competitive Comparison of Biokraft International AB's Receivables Turnover

For the Specialty Chemicals subindustry, Biokraft International 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.


Biokraft International AB's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Biokraft International AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Biokraft International AB's Receivables Turnover falls into.



Biokraft International AB Receivables Turnover Calculation

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

Biokraft International AB's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=366.709 / ((56.743 + 48.142) / 2 )
=366.709 / 52.4425
=6.99

Biokraft International AB's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=113.892 / ((55.476 + 88.743) / 2 )
=113.892 / 72.1095
=1.58

* 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.


Biokraft International AB  (OSTO:BIOGAS) 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.


Biokraft International AB Receivables Turnover Related Terms

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Biokraft International AB (OSTO:BIOGAS) Business Description

Traded in Other Exchanges
Address
KUNGSBRON 1 /KLARABERGSVIADUKTEN 70, ENTRANCE C 8 FLOOR, Stockholm, SWE, 111 22
Biokraft International AB is a Nordic greentech company that produces bioenergy and plant nutrition in a circular cycle by recycling organic waste and residual products in large-scale biorefineries. It is one of Northern Europe's largest producers of Bio-LNG.

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