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myFC Holding AB (LTS:0G7N) Receivables Turnover : 1.38 (As of Mar. 2022)


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What is myFC Holding 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. myFC Holding AB's Revenue for the three months ended in Mar. 2022 was kr0.85 Mil. myFC Holding AB's average Accounts Receivable for the three months ended in Mar. 2022 was kr0.62 Mil. Hence, myFC Holding AB's Receivables Turnover for the three months ended in Mar. 2022 was 1.38.


myFC Holding AB Receivables Turnover Historical Data

The historical data trend for myFC Holding 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.

* Premium members only.

myFC Holding AB Receivables Turnover Chart

myFC Holding AB Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.53 2.40 3.96 - -

myFC Holding AB Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Mar22
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 2.17 0.34 1.38

Competitive Comparison of myFC Holding AB's Receivables Turnover

For the Electrical Equipment & Parts subindustry, myFC Holding 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.


myFC Holding AB's Receivables Turnover Distribution in the Industrial Products Industry

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

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



myFC Holding AB Receivables Turnover Calculation

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

myFC Holding AB's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Receivables Turnover (A: Dec. 2020 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2020 ) / ((Accounts Receivable (A: Dec. 2019 ) + Accounts Receivable (A: Dec. 2020 )) / count )
=0 / ((0.051 + 0) / 1 )
=0 / 0.051
=N/A

myFC Holding AB's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

Receivables Turnover (Q: Mar. 2022 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2022 ) / ((Accounts Receivable (Q: Sep. 2021 ) + Accounts Receivable (Q: Mar. 2022 )) / count )
=0.854 / ((0.113 + 1.122) / 2 )
=0.854 / 0.6175
=1.38

* 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.


myFC Holding AB  (LTS:0G7N) 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.


myFC Holding AB Receivables Turnover Related Terms

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myFC Holding AB (LTS:0G7N) Business Description

Traded in Other Exchanges
N/A
Address
Saltmatargatan 8A, Stockholm, SWE, SE-11359
myFC Holding AB is a manufacturer of micro fuel cells and chargers for portable consumer electronic devices such as smartphones and tablets. Its developed and patented both fuel cell and fuel technology and control the essential parts of the JAQ product.

myFC Holding AB (LTS:0G7N) Headlines

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