CodeMill AB (OSTO:CDMIL) Receivables Turnover : 2.04 (As of Mar. 2024)

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What is CodeMill 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. CodeMill AB's Revenue for the three months ended in Mar. 2024 was kr22.79 Mil. CodeMill AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr11.15 Mil. Hence, CodeMill AB's Receivables Turnover for the three months ended in Mar. 2024 was 2.04.

CodeMill AB Receivables Turnover Historical Data

The historical data trend for CodeMill 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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CodeMill AB Receivables Turnover Chart

CodeMill AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.76

4.93

4.47

5.14

5.79

CodeMill AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												1.52	1.28	1.45	1.61	2.04

Competitive Comparison of CodeMill AB's Receivables Turnover

For the Software - Application subindustry, CodeMill 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.

CodeMill AB's Receivables Turnover Distribution in the Software Industry

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

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

CodeMill AB Receivables Turnover Calculation

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

CodeMill AB'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 )
=	78.788	/ (	(11.768	+	15.451)	/	2 )
=	78.788	/	13.6095
=	5.79

CodeMill AB's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	22.79	/ (	(15.451	+	6.846)	/	2 )
=	22.79	/	11.1485
=	2.04

CodeMill AB (OSTO:CDMIL) 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.

CodeMill AB Receivables Turnover Related Terms

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CodeMill AB (OSTO:CDMIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CodeMill AB (OSTO:CDMIL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sodra Ersmarksgatan 7, Umea, SWE, 903 36

Website

https://www.codemill.se

CodeMill AB is a technology company that offers software development and technical services for video and media companies. Codemill's customers are several of the major Hollywood players including ViacomCBS, TV companies such as BBC, ITV and ProSieben.Sat1, VOD / OTT platforms such as Joyn, as well as publishers and brands such as The Guardian.

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