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Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) Receivables Turnover : 2.57 (As of Mar. 2024)


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What is Svenska Nyttobostader 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. Svenska Nyttobostader AB's Revenue for the three months ended in Mar. 2024 was kr63.00 Mil. Svenska Nyttobostader AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr24.50 Mil. Hence, Svenska Nyttobostader AB's Receivables Turnover for the three months ended in Mar. 2024 was 2.57.


Svenska Nyttobostader AB Receivables Turnover Historical Data

The historical data trend for Svenska Nyttobostader 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.

* Premium members only.

Svenska Nyttobostader AB Receivables Turnover Chart

Svenska Nyttobostader AB Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Receivables Turnover
- 33.33 28.44 10.74

Svenska Nyttobostader AB Quarterly Data
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 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 1.69 1.40 1.45 2.33 2.57

Competitive Comparison of Svenska Nyttobostader AB's Receivables Turnover

For the Real Estate Services subindustry, Svenska Nyttobostader 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.


Svenska Nyttobostader AB's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Svenska Nyttobostader AB's Receivables Turnover distribution charts can be found below:

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



Svenska Nyttobostader AB Receivables Turnover Calculation

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

Svenska Nyttobostader 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 )
=188 / ((6 + 29) / 2 )
=188 / 17.5
=10.74

Svenska Nyttobostader 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 )
=63 / ((25 + 24) / 2 )
=63 / 24.5
=2.57

* 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.


Svenska Nyttobostader AB  (OSTO:NYTTO.PREF.PFD) 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.


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Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) Business Description

Traded in Other Exchanges
Address
Regeringsgatan 59, Stockholm, SWE, 111 59
Svenska Nyttobostader AB owns and manages newly constructed residential properties in Stockholm. The company offer its properties to private individuals, companies and authorities on rent.

Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) Headlines

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