Nordic Unmanned ASA (FRA:8VH0) Receivables Turnover : 2.44 (As of Sep. 2024)

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What is Nordic Unmanned ASA 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. Nordic Unmanned ASA's Revenue for the three months ended in Sep. 2024 was €5.83 Mil. Nordic Unmanned ASA's average Accounts Receivable for the three months ended in Sep. 2024 was €2.39 Mil. Hence, Nordic Unmanned ASA's Receivables Turnover for the three months ended in Sep. 2024 was 2.44.

Nordic Unmanned ASA Receivables Turnover Historical Data

The historical data trend for Nordic Unmanned ASA'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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Nordic Unmanned ASA Receivables Turnover Chart

Nordic Unmanned ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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22.08

21.87

22.14

23.97

22.78

Nordic Unmanned ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.29	2.18	3.62	1.65	2.44

Competitive Comparison of Nordic Unmanned ASA's Receivables Turnover

For the Aerospace & Defense subindustry, Nordic Unmanned ASA'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.

Nordic Unmanned ASA's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Nordic Unmanned ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nordic Unmanned ASA's Receivables Turnover falls into.

Nordic Unmanned ASA Receivables Turnover Calculation

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

Nordic Unmanned ASA'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 )
=	15.457	/ (	(0.909	+	0.448)	/	2 )
=	15.457	/	0.6785
=	22.78

Nordic Unmanned ASA's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	5.832	/ (	(3.792	+	0.989)	/	2 )
=	5.832	/	2.3905
=	2.44

Nordic Unmanned ASA (FRA:8VH0) 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.

Nordic Unmanned ASA Receivables Turnover Related Terms

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Nordic Unmanned ASA Business Description

Industry

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Traded in Other Exchanges

NUMND:Norway 8VH0:Germany

Address

Radhusgata 3, Sandnes, NOR, 4306

Website

https://www.nordicunmanned.com

Nordic Unmanned ASA is a provider of drone systems and services. The products help in emissions monitoring, oil spill monitoring, logistics and robotization, defence and security, power line inspection, and insurance inspections. Also, the company provides software solutions, spare parts, and consulting services. The group's business segments are as follows; Flight Services, AirRobot, and DroneMatrix. Maximum revenue is generated from its Flight Services segment which is a technology-agnostic flight services operator providing time-critical actionable data to large corporate and governmental customers. Geographically, the company generates maximum revenue from Estonia and the rest from Spain, Great Britain, Germany, Norway, and other countries.

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