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Technical Olympic (ATH:OLYMP) Receivables Turnover : 4.41 (As of Dec. 2023)


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What is Technical Olympic 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. Technical Olympic's Revenue for the six months ended in Dec. 2023 was €6.82 Mil. Technical Olympic's average Accounts Receivable for the six months ended in Dec. 2023 was €1.54 Mil. Hence, Technical Olympic's Receivables Turnover for the six months ended in Dec. 2023 was 4.41.


Technical Olympic Receivables Turnover Historical Data

The historical data trend for Technical Olympic'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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Technical Olympic Receivables Turnover Chart

Technical Olympic Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.27 4.15 9.02 11.22

Technical Olympic Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 Premium Member Only 2.66 3.00 5.49 6.22 4.41

Competitive Comparison of Technical Olympic's Receivables Turnover

For the Marine Shipping subindustry, Technical Olympic'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.


Technical Olympic's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Technical Olympic's Receivables Turnover falls into.



Technical Olympic Receivables Turnover Calculation

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

Technical Olympic'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 )
=16.314 / ((1.437 + 1.47) / 2 )
=16.314 / 1.4535
=11.22

Technical Olympic's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=6.817 / ((1.619 + 1.47) / 2 )
=6.817 / 1.5445
=4.41

* 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.


Technical Olympic  (ATH:OLYMP) 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.


Technical Olympic Receivables Turnover Related Terms

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Technical Olympic Business Description

Traded in Other Exchanges
N/A
Address
20 Solomou Street Alimos, Athens, GRC, 174 56
Technical Olympic SA is a Greece based company engaged in the fields of homebuilding, construction of public and private projects, tourism, wind power, construction and operation of marinas and real estate development through different companies. The group has business operations in Greece and internationally. The tourist activity is represented by the group owned resort, Porto Carras. The construction activities of the company encompass railroad projects, irrigation projects, telecommunications projects, dams, marinas, harbour and drainage projects and others.

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