Hove ASFRA:LL0 +1.36%60 Receivables Turnover is 1.86 as of Mar. 2026. GuruFocus rates FRA:LL0 with a GF Score™ of 60/100 and a GF Value™ of €0.84 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,575 Chemicals companies, Hove AS ranks better than 52% on this metric.
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. Hove AS's Revenue for the
three
months ended in Mar. 2026 was €10.88 Mil. Hove AS's average Accounts Receivable for the
three
months ended in Mar. 2026 was €5.86 Mil.
Hence, Hove AS's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.86.
Hove AS (FRA:LL0) 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.
Hove AS Receivables Turnover Related Terms
Hove AS Receivables Turnover Historical Data
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The historical data trend for Hove 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:LL0 vs LIN, SHW, ECL: Receivables Turnover Comparison
For the Specialty Chemicals subindustry, Hove 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.
Hove AS Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Hove AS's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Hove 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.
Hove AS (FRA:LL0) has a Receivables Turnover of 1.86 as of Mar. 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 Hove AS and its competitors. According to the industry distribution chart, Hove AS ranks #756 out of 1575 companies in the Chemicals industry, placing it in the top 48%.
Is Hove AS's Receivables Turnover too high?
Hove AS's current Receivables Turnover is 1.86. The Chemicals industry median Receivables Turnover is 5.56. Hove AS's value of 1.86 is 66.5% below this industry median. Based on the distribution chart, Hove AS ranks #756 out of 1575 companies in the Chemicals industry, which is above the industry midpoint. Overall, Hove AS has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hove AS's Receivables Turnover compare to LIN and SHW?
According to the Chemicals industry distribution chart, Hove AS ranks #756 out of 1575 companies for Receivables Turnover. This puts Hove AS in the upper half of its industry. The industry median Receivables Turnover is 5.56. Hove AS's value of 1.86 is 66.5% 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 Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.56, based on 1,575 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. Hove AS's current Receivables Turnover of 1.86 is 66.5% 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 Hove AS and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hove AS's current Receivables Turnover is 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hove AS stock overvalued right now?
Based on GuruFocus' analysis, Hove AS (FRA:LL0) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.84, compared to a current price of €0.75 — trading 11% below its estimated fair value. The current Receivables Turnover is 1.86 and 66.5% below the Chemicals industry median of 5.56. Hove AS's overall GF Score™ is 60/100 with 1 warning sign 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 Hove AS (FRA:LL0), the current Receivables Turnover is 1.86 as of Mar. 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 Hove AS (FRA:LL0) Overvalued in 2026?
Based on GuruFocus' analysis, Hove AS stock appears to be undervalued.
The current stock price of €0.75 is trading 11% below its estimated GF Value™ of €0.84.
GuruFocus considers Hove AS to be Modestly Undervalued.
Key valuation signals for FRA:LL0:
Receivables Turnover: 1.86
GF Value™: €0.84 vs. price of €0.75 (11% below fair value)
Industry Position: 66.5% below the Chemicals median (#756 of 1575)
No single metric tells the full story. See the FRA:LL0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hove AS develops, produces, and supplies lubrication solutions for mechanical bearings in the wind turbine industry. The company's solutions are Hove Smart Lube, Hove Carry, Lubrication Solutions, Beinlich Pumps, and others.
60GF Score
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