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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. Harboes Bryggeri AS's Revenue for the
three
months ended in Apr. 2026 was €58.3 Mil. Harboes Bryggeri AS's average Accounts Receivable for the
three
months ended in Apr. 2026 was €46.8 Mil.
Hence, Harboes Bryggeri AS's Receivables Turnover for the
three
months ended in Apr. 2026 was 1.25.
Harboes Bryggeri AS (FRA:DX4) 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.
Harboes Bryggeri AS Receivables Turnover Related Terms
Harboes Bryggeri AS Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Harboes Bryggeri 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.
FRA:DX4 vs BUD, STZ, TAP: Receivables Turnover Comparison
For the Beverages - Brewers subindustry, Harboes Bryggeri 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.
Harboes Bryggeri AS Receivables Turnover vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Harboes Bryggeri AS's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Harboes Bryggeri 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.
Harboes Bryggeri AS (FRA:DX4) has a Receivables Turnover of 1.25 as of Apr. 2026. 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 Harboes Bryggeri AS and its competitors. According to the industry distribution chart, Harboes Bryggeri AS ranks #167 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 79.5%.
Is Harboes Bryggeri AS's Receivables Turnover too high?
Harboes Bryggeri AS's current Receivables Turnover is 1.25. The Beverages - Alcoholic industry median Receivables Turnover is 7.84. Harboes Bryggeri AS's value of 1.25 is 84.1% below this industry median. Based on the distribution chart, Harboes Bryggeri AS ranks #167 out of 210 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Harboes Bryggeri AS has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Harboes Bryggeri AS's Receivables Turnover compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Harboes Bryggeri AS ranks #167 out of 210 companies for Receivables Turnover. This places Harboes Bryggeri AS in the lower half of its industry. The industry median Receivables Turnover is 7.84. Harboes Bryggeri AS's value of 1.25 is 84.1% 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 Beverages - Alcoholic company?
The median Receivables Turnover among Beverages - Alcoholic companies is 7.84, based on 210 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. Harboes Bryggeri AS's current Receivables Turnover of 1.25 is 84.1% 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 Harboes Bryggeri AS and its competitors. For the Beverages - Alcoholic industry, the median Receivables Turnover is 7.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harboes Bryggeri AS's current Receivables Turnover is 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harboes Bryggeri AS stock overvalued right now?
Harboes Bryggeri AS (FRA:DX4) has a current Receivables Turnover of 1.25. The stock's GF Value™ is €15.97, compared to a current price of €14.46 — trading 9.5% below its estimated fair value. The current Receivables Turnover is 1.25 and 84.1% below the Beverages - Alcoholic industry median of 7.84. Harboes Bryggeri AS's overall GF Score™ is 66/100 with 5 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 Harboes Bryggeri AS (FRA:DX4), the current Receivables Turnover is 1.25 as of Apr. 2026. 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 Harboes Bryggeri AS (FRA:DX4) Overvalued in 2026?
Based on GuruFocus' analysis, Harboes Bryggeri AS stock appears to be undervalued.
The current stock price of €14.46 is trading 9.5% below its estimated GF Value™ of €15.97.
Key valuation signals for FRA:DX4:
Receivables Turnover: 1.25
GF Value™: €15.97 vs. price of €14.46 (9.5% below fair value)
Industry Position: 84.1% below the Beverages - Alcoholic median (#167 of 210)
No single metric tells the full story. See the FRA:DX4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harboes Bryggeri AS is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.
66GF Score
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