SAS AB (OSTO:SAS) Receivables Turnover : 2.38 (As of Jan. 2024)

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What is SAS 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. SAS AB's Revenue for the three months ended in Jan. 2024 was kr8,923 Mil. SAS AB's average Accounts Receivable for the three months ended in Jan. 2024 was kr3,757 Mil. Hence, SAS AB's Receivables Turnover for the three months ended in Jan. 2024 was 2.38.

SAS AB Receivables Turnover Historical Data

The historical data trend for SAS 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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SAS AB Receivables Turnover Chart

SAS AB Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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37.61

26.45

20.14

26.89

32.92

SAS AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															2.47	1.51	2.01	3.17	2.38

Competitive Comparison of SAS AB's Receivables Turnover

For the Airlines subindustry, SAS 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.

SAS AB's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SAS AB's Receivables Turnover distribution charts can be found below:

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

SAS AB Receivables Turnover Calculation

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

SAS AB's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	42043	/ (	(1299	+	1255)	/	2 )
=	42043	/	1277
=	32.92

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

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	8923	/ (	(1255	+	6258)	/	2 )
=	8923	/	3756.5
=	2.38

SAS AB (OSTO:SAS) 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.

SAS AB Receivables Turnover Related Terms

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SAS AB (OSTO:SAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SAS AB (OSTO:SAS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SASNO:Norway 0O1W:UK SAS DKK:Denmark SSV2:Germany

Address

Frosundaviks Alle 1, Solna, Stockholm, SWE, SE-195 87

Website

https://www.sasgroup.net

SAS AB is a Scandinavian airline that offers transportation to many domestic and international destinations. Its target audience is frequent business and leisure travelers, and the airline attempts to develop services that make travel easier. Loyalty programs coupled with new applications and bundled packages give customers increased access and various options to plan a trip. Passenger traffic throughout Denmark, Norway, and Sweden account for approximately one-third of total revenue, but the airline does have a worldwide reach. Partnerships with other airlines enhance their global destination network and help customers use different airlines at numerous airports.

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