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OXE Marine AB (FRA:5LK) Receivables Turnover : 1.18 (As of Mar. 2024)


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What is OXE Marine 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. OXE Marine AB's Revenue for the three months ended in Mar. 2024 was €3.47 Mil. OXE Marine AB's average Accounts Receivable for the three months ended in Mar. 2024 was €2.93 Mil. Hence, OXE Marine AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.18.


OXE Marine AB Receivables Turnover Historical Data

The historical data trend for OXE Marine 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.

* Premium members only.

OXE Marine AB Receivables Turnover Chart

OXE Marine AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 3.42 1.08 3.94 8.06 6.83

OXE Marine 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 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 1.49 1.68 1.43 1.89 1.18

Competitive Comparison of OXE Marine AB's Receivables Turnover

For the Auto Parts subindustry, OXE Marine 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.


OXE Marine AB's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, OXE Marine AB's Receivables Turnover distribution charts can be found below:

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



OXE Marine AB Receivables Turnover Calculation

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

OXE Marine 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 )
=16.949 / ((1.913 + 3.049) / 2 )
=16.949 / 2.481
=6.83

OXE Marine 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 )
=3.465 / ((3.049 + 2.803) / 2 )
=3.465 / 2.926
=1.18

* 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.


OXE Marine AB  (FRA:5LK) 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.


OXE Marine AB Receivables Turnover Related Terms

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OXE Marine AB (FRA:5LK) Business Description

Traded in Other Exchanges
Address
Metallgatan 6, Angelholm, Helsingborg, SWE, SE-262 72
OXE Marine AB designs and builds commercial diesel outboards named OXE Diesel. The company's product range includes OXE 150, OXE 175, OXE 200, OXE 300, OXE KRETA, and its accessories. The OXE Diesel offers solutions for governmental, oil and gas, search and rescue, and large commercial applications, also for small craft fishermen and fish farmers, survey, tourism, yacht tender, taxi and pilot operations - all applications where range, load-carrying performance, and running costs are significant factors.

OXE Marine AB (FRA:5LK) Headlines

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