Teqnion AB (FRA:M45) Receivables Turnover : 1.79 (As of Dec. 2024)

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What is Teqnion 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. Teqnion AB's Revenue for the three months ended in Dec. 2024 was €35.1 Mil. Teqnion AB's average Accounts Receivable for the three months ended in Dec. 2024 was €19.6 Mil. Hence, Teqnion AB's Receivables Turnover for the three months ended in Dec. 2024 was 1.79.

Teqnion AB Receivables Turnover Historical Data

The historical data trend for Teqnion 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.

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Teqnion AB Receivables Turnover Chart

Teqnion AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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9.18

9.42

9.46

9.06

7.53

Teqnion AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.03	1.77	1.63	1.66	1.79

Competitive Comparison of Teqnion AB's Receivables Turnover

For the Industrial Distribution subindustry, Teqnion 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.

Teqnion AB's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Teqnion AB's Receivables Turnover distribution charts can be found below:

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

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Teqnion AB Receivables Turnover Calculation

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

Teqnion AB's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	136.23	/ (	(16.091	+	20.091)	/	2 )
=	136.23	/	18.091
=	7.53

Teqnion AB's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	35.096	/ (	(19.07	+	20.091)	/	2 )
=	35.096	/	19.5805
=	1.79

Teqnion AB (FRA:M45) 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.

Teqnion AB Receivables Turnover Related Terms

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Teqnion AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Teqnion AB (FRA:M45) » Definitions » Receivables Turnover

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TEQ:Sweden

Address

Evenemangsgatan 31A, Solna, SWE, 169 79

Website

http://teqnion.se

Teqnion AB is an industrial group active in three business areas namely Industry, Growth and Niche. Through these, Teqnion offers leading products and specialist expertise in selected market niches. This includes components, machines, systems and services with high technology content. The company's business model is to grow both through organic growth in the subsidiaries and company acquisitions. Most of the group's sales are in the Nordic region with Sweden as the primary main market.

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