LINK Mobility Group Holding ASA (OSTO:LINKO) Receivables Turnover : 1.27 (As of Mar. 2024)

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What is LINK Mobility Group Holding ASA 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. LINK Mobility Group Holding ASA's Revenue for the three months ended in Mar. 2024 was kr1,672 Mil. LINK Mobility Group Holding ASA's average Accounts Receivable for the three months ended in Mar. 2024 was kr1,312 Mil. Hence, LINK Mobility Group Holding ASA's Receivables Turnover for the three months ended in Mar. 2024 was 1.27.

LINK Mobility Group Holding ASA Receivables Turnover Historical Data

The historical data trend for LINK Mobility Group Holding ASA'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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LINK Mobility Group Holding ASA Receivables Turnover Chart

LINK Mobility Group Holding ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.59

6.73

7.39

5.76

5.70

LINK Mobility Group Holding ASA Quarterly Data
	Dec18	Jun19	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															1.16	1.28	1.18	1.40	1.27

Competitive Comparison of LINK Mobility Group Holding ASA's Receivables Turnover

For the Telecom Services subindustry, LINK Mobility Group Holding ASA'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.

LINK Mobility Group Holding ASA's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, LINK Mobility Group Holding ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where LINK Mobility Group Holding ASA's Receivables Turnover falls into.

LINK Mobility Group Holding ASA Receivables Turnover Calculation

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

LINK Mobility Group Holding ASA'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 )
=	6282.126	/ (	(1029.665	+	1172.768)	/	2 )
=	6282.126	/	1101.2165
=	5.70

LINK Mobility Group Holding ASA'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 )
=	1671.516	/ (	(1172.768	+	1450.744)	/	2 )
=	1671.516	/	1311.756
=	1.27

LINK Mobility Group Holding ASA (OSTO:LINKo) 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.

LINK Mobility Group Holding ASA Receivables Turnover Related Terms

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LINK Mobility Group Holding ASA (OSTO:LINKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » LINK Mobility Group Holding ASA (OSTO:LINKo) » Definitions » Receivables Turnover

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Traded in Other Exchanges

LINK:Norway 0A5Q:UK

Address

Universitetsgata 2, Oslo, NOR, 0164

Website

https://www.linkmobility.com

LINK Mobility Group Holding ASA is a provider of mobile messaging and communication platform as a service (CPaaS) solutions for customer engagement serving enterprise, small and medium enterprises, and government customers. The company offers a wide range of scalable mobile solutions, creating valuable digital convergence between businesses and customers, platforms and users.

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