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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. NNIT AS's Revenue for the
six
months ended in Dec. 2025 was kr862 Mil. NNIT AS's average Accounts Receivable for the
six
months ended in Dec. 2025 was kr427 Mil.
Hence, NNIT AS's Receivables Turnover for the
six
months ended in Dec. 2025 was 2.02.
NNIT AS (CHIX:NNITc) 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.
NNIT AS Receivables Turnover Related Terms
NNIT AS Receivables Turnover Historical Data
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The historical data trend for NNIT AS'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.
CHIX:NNITC vs IBM, ACN, FISV: Receivables Turnover Comparison
For the Information Technology Services subindustry, NNIT AS'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.
NNIT AS Receivables Turnover vs Software Industry
For the Software industry and Technology sector, NNIT AS's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where NNIT AS's Receivables Turnover falls into.
* 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.
NNIT AS (CHIX:NNITC) has a Receivables Turnover of 2.02 as of Dec. 2025. The accounts 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. View historical data on NNIT AS and its competitors. According to the industry distribution chart, NNIT AS ranks #1924 out of 2782 companies in the Software industry, placing it in the top 69.2%.
Is NNIT AS's Receivables Turnover too high?
NNIT AS's current Receivables Turnover is 2.02. The Software industry median Receivables Turnover is 5.74. NNIT AS's value of 2.02 is 64.8% below this industry median. Based on the distribution chart, NNIT AS ranks #1924 out of 2782 companies in the Software industry, which is below the industry midpoint. Overall, NNIT AS has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does NNIT AS's Receivables Turnover compare to IBM and ACN?
According to the Software industry distribution chart, NNIT AS ranks #1924 out of 2782 companies for Receivables Turnover. This places NNIT AS in the lower half of its industry. The industry median Receivables Turnover is 5.74. NNIT AS's value of 2.02 is 64.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Software company?
The median Receivables Turnover among Software companies is 5.74, based on 2,782 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NNIT AS's current Receivables Turnover of 2.02 is 64.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on NNIT AS and its competitors. For the Software industry, the median Receivables Turnover is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NNIT AS's current Receivables Turnover is 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NNIT AS stock overvalued right now?
NNIT AS (CHIX:NNITC) has a current Receivables Turnover of 2.02. The stock's GF Value™ is kr160.94, compared to a current price of kr68.50 — trading 57.4% below its estimated fair value. The current Receivables Turnover is 2.02 and 64.8% below the Software industry median of 5.74. NNIT AS's overall GF Score™ is 46/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For NNIT AS (CHIX:NNITC), the current Receivables Turnover is 2.02 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NNIT AS (CHIX:NNITC) Overvalued in 2026?
Based on GuruFocus' analysis, NNIT AS stock appears to be undervalued.
The current stock price of kr68.50 is trading 57.4% below its estimated GF Value™ of kr160.94.
Key valuation signals for CHIX:NNITC:
Receivables Turnover: 2.02
GF Value™: kr160.94 vs. price of kr68.50 (57.4% below fair value)
Industry Position: 64.8% below the Software median (#1924 of 2782)
No single metric tells the full story. See the CHIX:NNITC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NNIT AS is a Denmark-based company that offers consultancy services in IT (Information Technology) development, implementation, and operations. The services provided by the company include advising, building, implementing, managing, and supporting IT solutions and operating IT systems for customers. The company's reporting segment comprises of Region Denmark; Region Europe; Region USA, and Region Asia out of which Region Denmark derives the majority of revenue.
46GF Score
Get the complete analysis for CHIX:NNITC
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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