CTT Systems AB (OSTO:CTT) Receivables Turnover : 1.34 (As of Mar. 2024)

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What is CTT Systems 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. CTT Systems AB's Revenue for the three months ended in Mar. 2024 was kr78.2 Mil. CTT Systems AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr58.2 Mil. Hence, CTT Systems AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.34.

CTT Systems AB Receivables Turnover Historical Data

The historical data trend for CTT Systems 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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CTT Systems AB Receivables Turnover Chart

CTT Systems AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.78

3.64

3.90

4.75

5.56

CTT Systems AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.20	-	1.08	1.39	1.34

Competitive Comparison of CTT Systems AB's Receivables Turnover

For the Aerospace & Defense subindustry, CTT Systems 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.

CTT Systems AB's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CTT Systems AB's Receivables Turnover distribution charts can be found below:

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

CTT Systems AB Receivables Turnover Calculation

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

CTT Systems 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 )
=	308.9	/ (	(62.5	+	48.7)	/	2 )
=	308.9	/	55.6
=	5.56

CTT Systems 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 )
=	78.2	/ (	(48.7	+	67.6)	/	2 )
=	78.2	/	58.15
=	1.34

CTT Systems AB (OSTO:CTT) 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.

CTT Systems AB Receivables Turnover Related Terms

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CTT Systems AB (OSTO:CTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CTT Systems AB (OSTO:CTT) » Definitions » Receivables Turnover

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0GUO:UK

Address

Brukslagarvagen 5, Box 1042, Nykoping, SWE, 61129

Website

https://www.ctt.se

CTT Systems AB manufacturer and provider of humidity control systems for aircraft. The company offers a Zonal Drying system that prevents condensation within an aircraft during humidification. The company's product line includes various humidifiers. It sells its products to aircraft manufacturers and transportation companies. The group's products, Zonal Drying System and Cair create conditions facilitating improved profitability and flight safety as well as considerably enhanced comfort for passengers and cabin personnel. It supplies these systems to aircraft manufacturers for installation during the production of new aircraft and to airlines for existing aircraft fleets. Geographically company generates the majority of its revenue from Denmark.