HAFN (Hafnia) Receivables Turnover : 1.19 (As of Dec. 2024)

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What is Hafnia 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. Hafnia's Revenue for the three months ended in Dec. 2024 was $533 Mil. Hafnia's average Accounts Receivable for the three months ended in Dec. 2024 was $447 Mil. Hence, Hafnia's Receivables Turnover for the three months ended in Dec. 2024 was 1.19.

Hafnia Receivables Turnover Historical Data

The historical data trend for Hafnia'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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Hafnia Receivables Turnover Chart

Hafnia Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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10.10

7.58

10.42

8.74

8.05

Hafnia 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															1.30	1.59	1.36	1.21	1.19

Competitive Comparison of Hafnia's Receivables Turnover

For the Marine Shipping subindustry, Hafnia'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.

Hafnia's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hafnia's Receivables Turnover distribution charts can be found below:

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

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Hafnia Receivables Turnover Calculation

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

Hafnia'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 )
=	2868.647	/ (	(389.384	+	323.175)	/	2 )
=	2868.647	/	356.2795
=	8.05

Hafnia'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 )
=	532.861	/ (	(570.811	+	323.175)	/	2 )
=	532.861	/	446.993
=	1.19

Hafnia (NYSE:HAFN) 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.

Hafnia Receivables Turnover Related Terms

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Hafnia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hafnia Ltd (NYSE:HAFN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HAFNIAo:Sweden HAFNI:Norway HAFNIo:UK RE0:Germany

Address

c/o Hafnia SG Pte Ltd, 10 Pasir Panjang Road, No.18-01 Mapletree Business City, Singapore, SGP, 117438

Website

https://hafnia.com

Hafnia Ltd is one of the tanker owners, transporting oil, oil products and chemicals for national and international oil companies, chemical companies, as well as trading and utility companies. As owners and operators of around 200 vessels, It offers a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk.