Electrolux Professional AB (OSTO:EPRO B) Receivables Turnover : 1.45 (As of Mar. 2024)

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What is Electrolux Professional 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. Electrolux Professional AB's Revenue for the three months ended in Mar. 2024 was kr3,055 Mil. Electrolux Professional AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr2,111 Mil. Hence, Electrolux Professional AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.45.

Electrolux Professional AB Receivables Turnover Historical Data

The historical data trend for Electrolux Professional 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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Electrolux Professional AB Receivables Turnover Chart

Electrolux Professional AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.55

4.92

5.44

6.04

6.03

Electrolux Professional 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															1.42	1.41	1.27	1.52	1.45

Competitive Comparison of Electrolux Professional AB's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Electrolux Professional 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.

Electrolux Professional AB's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Electrolux Professional AB's Receivables Turnover distribution charts can be found below:

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

Electrolux Professional AB Receivables Turnover Calculation

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

Electrolux Professional 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 )
=	11848	/ (	(2028	+	1904)	/	2 )
=	11848	/	1966
=	6.03

Electrolux Professional 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 )
=	3055	/ (	(1904	+	2318)	/	2 )
=	3055	/	2111
=	1.45

Electrolux Professional AB (OSTO:EPRO B) 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.

Electrolux Professional AB Receivables Turnover Related Terms

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Electrolux Professional AB (OSTO:EPRO B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electrolux Professional AB (OSTO:EPRO B) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ECTXF:USA 4KK1:Germany

Address

Franzengatan 6, Stockholm, SWE, SE-112 51

Website

https://www.electroluxprofessional.com/corporate

Electrolux Professional AB is a provider of food service, beverage, and laundry solutions, serving a wide range of customers globally, from restaurants and hotels to healthcare, educational, and other service facilities. The company's products include Combi ovens; Boiling & braising pans; Fry tops; Slicers & food processors; Planetary mixers; Vacuum packers & sealers; Refrigerated counters; Blast chillers; Waste management systems; Coffee grinders; hot, cold, and frozen beverages dispensers; Beer dispensing systems; and others. Its geographical segments are Europe; the Asia Pacific, the Middle East, Africa; and the Americas, of which the majority of its revenue comes from Europe.

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