EKTAY (Elekta AB) Receivables Turnover : 1.10 (As of Oct. 2024)

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What is Elekta 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. Elekta AB's Revenue for the three months ended in Oct. 2024 was $414 Mil. Elekta AB's average Accounts Receivable for the three months ended in Oct. 2024 was $376 Mil. Hence, Elekta AB's Receivables Turnover for the three months ended in Oct. 2024 was 1.10.

Elekta AB Receivables Turnover Historical Data

The historical data trend for Elekta 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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Elekta AB Receivables Turnover Chart

Elekta AB Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Receivables Turnover

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4.12

4.48

3.97

4.25

4.50

Elekta AB Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Receivables Turnover	Get a 7-Day Free Trial															1.08	1.10	1.22	0.99	1.10

Competitive Comparison of Elekta AB's Receivables Turnover

For the Medical Devices subindustry, Elekta 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.

Elekta AB's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Elekta AB's Receivables Turnover distribution charts can be found below:

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

Elekta AB Receivables Turnover Calculation

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

Elekta AB's Receivables Turnover for the fiscal year that ended in Apr. 2024 is calculated as

	Receivables Turnover (A: Apr. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2024 )	/ (	(Accounts Receivable (A: Apr. 2023 )	+	Accounts Receivable (A: Apr. 2024 ))	/	count )
=	1675.234	/ (	(385.663	+	358.457)	/	2 )
=	1675.234	/	372.06
=	4.50

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

	Receivables Turnover (Q: Oct. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2024 )	+	Accounts Receivable (Q: Oct. 2024 ))	/	count )
=	414.182	/ (	(368.658	+	383.078)	/	2 )
=	414.182	/	375.868
=	1.10

Elekta AB (OTCPK:EKTAY) 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.

Elekta AB Receivables Turnover Related Terms

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Elekta AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Elekta AB (OTCPK:EKTAY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EKTAF:USA EKTA B:Sweden EKTABs:UK 0O5H:UK EJXB:Germany

Address

Kungstensgatan 18, Box 7593, Stockholm, SWE, SE-103 93

Website

https://www.elekta.com

Sweden-based Elekta develops, manufactures, and distributes treatment planning systems for neurosurgery and radiotherapy, including stereotactic radiosurgery and brachytherapy. The company has an installed base of more than 7,000 linear accelerators, Gamma Knife and Unity platforms, as well as brachytherapy installations. The company's sales are evenly distributed across geographies, with North and South America accounting for 31%; Europe, the Middle East, and Africa accounting for 35%; and the Asia-Pacific contributing the remainder.