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Boliden AB (FRA:BWJ) Receivables Turnover : 4.84 (As of Mar. 2024)


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What is Boliden 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. Boliden AB's Revenue for the three months ended in Mar. 2024 was €1,633 Mil. Boliden AB's average Accounts Receivable for the three months ended in Mar. 2024 was €337 Mil. Hence, Boliden AB's Receivables Turnover for the three months ended in Mar. 2024 was 4.84.


Boliden AB Receivables Turnover Historical Data

The historical data trend for Boliden 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.

Boliden AB Receivables Turnover Chart

Boliden AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.84 19.80 20.99 25.04 19.99

Boliden 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 5.23 5.22 5.58 5.55 4.84

Competitive Comparison of Boliden AB's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Boliden 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.


Boliden AB's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Boliden AB's Receivables Turnover distribution charts can be found below:

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



Boliden AB Receivables Turnover Calculation

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

Boliden 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 )
=7022.502 / ((348.383 + 354.37) / 2 )
=7022.502 / 351.3765
=19.99

Boliden 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 )
=1633.083 / ((354.37 + 320.237) / 2 )
=1633.083 / 337.3035
=4.84

* 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.


Boliden AB  (FRA:BWJ) 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.


Boliden AB Receivables Turnover Related Terms

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Boliden AB (FRA:BWJ) Business Description

Traded in Other Exchanges
Address
Klarabergsviadukten 90, P.O. Box 44, Stockholm, SWE, SE-101 20
Boliden AB operates six mining areas and five smelters in Sweden, Norway, Finland, and Ireland. The company primarily processes zinc, copper, gold, lead, and silver and is engaged in exploration, mining, smelting, and metals recycling. The company has two operating segments: business area smelters and business area mines. The business area mines division comprises six mining areas: Aitik, the Boliden Area, and Garpenberg in Sweden; Kylylahti and Kevitsa in Finland; and the Tara mine in Ireland. It includes both underground mines and open-pit mines.

Boliden AB (FRA:BWJ) Headlines

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