Bouvet ASA (LTS:0HDU) Receivables Turnover : 1.99 (As of Dec. 2024)

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What is Bouvet ASA 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. Bouvet ASA's Revenue for the three months ended in Dec. 2024 was kr1,026 Mil. Bouvet ASA's average Accounts Receivable for the three months ended in Dec. 2024 was kr515 Mil. Hence, Bouvet ASA's Receivables Turnover for the three months ended in Dec. 2024 was 1.99.

Bouvet ASA Receivables Turnover Historical Data

The historical data trend for Bouvet ASA'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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Bouvet ASA Receivables Turnover Chart

Bouvet ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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8.70

8.03

6.43

5.91

7.53

Bouvet ASA 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															1.44	1.47	1.32	1.27	1.99

Competitive Comparison of Bouvet ASA's Receivables Turnover

For the Information Technology Services subindustry, Bouvet ASA'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.

Bouvet ASA's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Bouvet ASA's Receivables Turnover distribution charts can be found below:

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

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Bouvet ASA Receivables Turnover Calculation

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

Bouvet ASA'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 )
=	3921.399	/ (	(629.88	+	411.213)	/	2 )
=	3921.399	/	520.5465
=	7.53

Bouvet ASA'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 )
=	1025.956	/ (	(618.791	+	411.213)	/	2 )
=	1025.956	/	515.002
=	1.99

Bouvet ASA (LTS:0HDU) 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.

Bouvet ASA Receivables Turnover Related Terms

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Bouvet ASA Business Description

Industry

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BOUVETO:Sweden BOUV:Norway

Address

Sorkedalsveien 8, Oslo, NOR, 0369

Website

https://www.bouvet.no

Bouvet ASA is a consultancy company that provides advice in the field of information technology and digital communication. It helps enterprises shape digital solutions that create efficiency and new business opportunities. The company caters to both private and public-sector players. Some of the business sectors that it caters to include Power supply, Industry, Oil and gas, Public admin, Transportation, Retail, Information and communication, Service industry, and Health. Its geographical segments are Norway, Sweden, and other countries, of which the vast majority of its revenue comes from Norway.

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