Solar AS (LTS:0G33) Receivables Turnover : 1.79 (As of Dec. 2024)

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What is Solar AS 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. Solar AS's Revenue for the three months ended in Dec. 2024 was kr3,233 Mil. Solar AS's average Accounts Receivable for the three months ended in Dec. 2024 was kr1,811 Mil. Hence, Solar AS's Receivables Turnover for the three months ended in Dec. 2024 was 1.79.

Solar AS Receivables Turnover Historical Data

The historical data trend for Solar 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.

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Solar AS Receivables Turnover Chart

Solar AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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8.50

8.91

8.25

7.43

7.40

Solar AS 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															1.76	1.73	1.66	1.48	1.79

Competitive Comparison of Solar AS's Receivables Turnover

For the Electronics & Computer Distribution subindustry, Solar 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.

Solar AS's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Solar AS's Receivables Turnover distribution charts can be found below:

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

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Solar AS Receivables Turnover Calculation

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

Solar AS'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 )
=	12223	/ (	(1648	+	1657)	/	2 )
=	12223	/	1652.5
=	7.40

Solar AS'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 )
=	3233	/ (	(1964	+	1657)	/	2 )
=	3233	/	1810.5
=	1.79

Solar AS (LTS:0G33) 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.

Solar AS Receivables Turnover Related Terms

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Solar AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solar AS (LTS:0G33) » Definitions » Receivables Turnover

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SOLABc:UK SOLAR B:Denmark ZVR:Germany

Address

Industrivej Vest 43, Vejen, DNK, 6600

Website

https://www.solar.eu

Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.

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