Andersen & Martini Holding A/S (CHIX:AMBC) Receivables Turnover : 16.47 (As of Jun. 2020)

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What is Andersen & Martini Holding A/S 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. Andersen & Martini Holding A/S's Revenue for the six months ended in Jun. 2020 was kr419.5 Mil. Andersen & Martini Holding A/S's average Accounts Receivable for the six months ended in Jun. 2020 was kr25.5 Mil. Hence, Andersen & Martini Holding A/S's Receivables Turnover for the six months ended in Jun. 2020 was 16.47.

Andersen & Martini Holding A/S Receivables Turnover Historical Data

The historical data trend for Andersen & Martini Holding A/S'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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Andersen & Martini Holding A/S Receivables Turnover Chart

Andersen & Martini Holding A/S Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Receivables Turnover

Get a 7-Day Free Trial

17.67

21.97

27.26

30.41

36.71

Andersen & Martini Holding A/S Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Receivables Turnover	Get a 7-Day Free Trial															12.16	12.01	15.49	15.35	16.47

Competitive Comparison of Andersen & Martini Holding A/S's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Andersen & Martini Holding A/S'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.

Andersen & Martini Holding A/S's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Andersen & Martini Holding A/S's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Andersen & Martini Holding A/S's Receivables Turnover falls into.

Andersen & Martini Holding A/S Receivables Turnover Calculation

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

Andersen & Martini Holding A/S's Receivables Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Receivables Turnover (A: Dec. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2019 )	/ (	(Accounts Receivable (A: Dec. 2018 )	+	Accounts Receivable (A: Dec. 2019 ))	/	count )
=	772.971	/ (	(22.064	+	20.053)	/	2 )
=	772.971	/	21.0585
=	36.71

Andersen & Martini Holding A/S's Receivables Turnover for the quarter that ended in Jun. 2020 is calculated as

	Receivables Turnover (Q: Jun. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2020 )	/ (	(Accounts Receivable (Q: Dec. 2019 )	+	Accounts Receivable (Q: Jun. 2020 ))	/	count )
=	419.504	/ (	(20.053	+	30.876)	/	2 )
=	419.504	/	25.4645
=	16.47

Andersen & Martini Holding A/S (CHIX:AMBc) 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.

Andersen & Martini Holding A/S Receivables Turnover Related Terms

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Andersen & Martini Holding A/S (CHIX:AMBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Andersen & Martini Holding A/S (CHIX:AMBc) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

AGENAVEJ 15, Greve, DNK, 2670

Website

http://www.a-m.dk

Andersen & Martini A/S is engaged in the operation of car dealerships. The company is active within the trade leasing and rental of new and used car for private use and business purposes. Its product includes, opel, Saab, Kia, Fiat, Cadillac, among others. It also provides car repair, leasing services.