Axfood AB (Axfood AB) Receivables Turnover : 9.06 (As of Mar. 2024)

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What is Axfood 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. Axfood AB's Revenue for the three months ended in Mar. 2024 was $1,945 Mil. Axfood AB's average Accounts Receivable for the three months ended in Mar. 2024 was $215 Mil. Hence, Axfood AB's Receivables Turnover for the three months ended in Mar. 2024 was 9.06.

Axfood AB Receivables Turnover Historical Data

The historical data trend for Axfood 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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Axfood AB Receivables Turnover Chart

Axfood AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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45.83

54.36

33.91

30.87

37.60

Axfood 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															9.09	9.12	8.39	9.53	9.06

Competitive Comparison of Axfood AB's Receivables Turnover

For the Grocery Stores subindustry, Axfood 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.

Axfood AB's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Axfood AB's Receivables Turnover distribution charts can be found below:

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

Axfood AB Receivables Turnover Calculation

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

Axfood 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 )
=	7907.405	/ (	(206.591	+	213.988)	/	2 )
=	7907.405	/	210.2895
=	37.60

Axfood 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 )
=	1945.194	/ (	(213.988	+	215.247)	/	2 )
=	1945.194	/	214.6175
=	9.06

Axfood AB (OTCPK:AXFOY) 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.

Axfood AB Receivables Turnover Related Terms

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Axfood AB (Axfood AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Axfood AB (OTCPK:AXFOY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AXFO:Sweden AXFOs:UK 0R6R:UK AXL1:Germany

Address

Solnavagen 4, Stockholm, SWE, 113 65

Website

https://www.axfood.se

Axfood AB operates food retail and wholesale businesses in Sweden. Its operating segments include Willys, Hemkop, Dagab, and Snabbgross. The Willys segment operates two discount grocery chains: Willys and Eurocash. Willys is Sweden's primary discount market chain, while Eurocash serves mainly the Norwegian-Swedish border. Hemkop offers a wide range of fresh products for meal solutions. Dagab is engaged in the wholesale purchasing and logistics business. Narlivs operates within this segment as a wholesaler serving independent grocers and convenience retailers. This segment contributes to the majority of the company's revenue. Snabbgross is a restaurant wholesaler, catering primarily to cafes, fast-food establishments, and high-end restaurants.

Axfood AB (Axfood AB) Headlines

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