HRVFF (Harvia) Receivables Turnover : 2.56 (As of Dec. 2024)

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What is Harvia 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. Harvia's Revenue for the three months ended in Dec. 2024 was $53.4 Mil. Harvia's average Accounts Receivable for the three months ended in Dec. 2024 was $20.8 Mil. Hence, Harvia's Receivables Turnover for the three months ended in Dec. 2024 was 2.56.

Harvia Receivables Turnover Historical Data

The historical data trend for Harvia'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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Harvia Receivables Turnover Chart

Harvia Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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9.15

12.37

10.23

9.33

9.68

Harvia 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															2.38	2.25	2.10	2.02	2.56

Competitive Comparison of Harvia's Receivables Turnover

For the Leisure subindustry, Harvia'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.

Harvia's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Harvia's Receivables Turnover distribution charts can be found below:

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

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Harvia Receivables Turnover Calculation

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

Harvia'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 )
=	183.462	/ (	(17.815	+	20.076)	/	2 )
=	183.462	/	18.9455
=	9.68

Harvia'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 )
=	53.353	/ (	(21.612	+	20.076)	/	2 )
=	53.353	/	20.844
=	2.56

Harvia (OTCPK:HRVFF) 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.

Harvia Receivables Turnover Related Terms

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Harvia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Harvia PLC (OTCPK:HRVFF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

0ABF:UK HARVIh:UK HARVIA:Finland G1U:Germany

Address

Teollisuustie 1-7, P.O. Box 12, Muurame, FIN, 40951

Website

https://www.harviagroup.com

Harvia PLC is a sauna and spa company. The company's brands and product range are well known in the market and the company's comprehensive product range aims to meet the needs of the international sauna and spa market, both for professionals and consumers.The Group's product range includes sauna heaters, sauna rooms, infrared and steam saunas, steam showers, spa components, control units, heater stones, sauna accessories and sauna interior solutions such as sauna benches, audio speakers and lighting solutions. The company's production plant for saunas and sauna components is also located in Muurame in connection with Harvia's head office.