Acast AB (LTS:0A9Z) Receivables Turnover : 0.93 (As of Mar. 2024)

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What is Acast 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. Acast AB's Revenue for the three months ended in Mar. 2024 was kr413 Mil. Acast AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr442 Mil. Hence, Acast AB's Receivables Turnover for the three months ended in Mar. 2024 was 0.93.

Acast AB Receivables Turnover Historical Data

The historical data trend for Acast 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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Acast AB Receivables Turnover Chart

Acast AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.14

3.04

3.29

3.52

3.69

Acast AB Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														0.84	1.02	1.00	1.13	0.93

Competitive Comparison of Acast AB's Receivables Turnover

For the Entertainment subindustry, Acast 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.

Acast AB's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Acast AB's Receivables Turnover distribution charts can be found below:

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

Acast AB Receivables Turnover Calculation

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

Acast AB's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1636.371	/ (	(444.482	+	442.756)	/	2 )
=	1636.371	/	443.619
=	3.69

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

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	412.886	/ (	(442.756	+	440.548)	/	2 )
=	412.886	/	441.652
=	0.93

Acast AB (LTS:0A9Z) 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.

Acast AB Receivables Turnover Related Terms

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Acast AB (LTS:0A9Z) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Acast AB (LTS:0A9Z) » Definitions » Receivables Turnover

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ACAST:Sweden 0PN:Germany

Address

Kungsgatan 28, Stockholm, SWE, 11135

Website

https://www.acast.com

Acast AB is the curated, fully integrated, fastest growing podcast marketplace in the world. It offers podcast hosting, growth, and then monetization through both a creative and curated advertising marketplace, as well as membership features to connect podcasters with paying fans. The group has three operating segments- Europe, North America and others. Majority of revenue is generated from Europe segment.

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