Rockwool AS (LTS:0M0A) Receivables Turnover : 1.82 (As of Sep. 2024)

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What is Rockwool 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. Rockwool AS's Revenue for the three months ended in Sep. 2024 was kr7,136 Mil. Rockwool AS's average Accounts Receivable for the three months ended in Sep. 2024 was kr3,924 Mil. Hence, Rockwool AS's Receivables Turnover for the three months ended in Sep. 2024 was 1.82.

Rockwool AS Receivables Turnover Historical Data

The historical data trend for Rockwool 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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Rockwool AS Receivables Turnover Chart

Rockwool AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.05

9.95

11.15

11.95

10.59

Rockwool AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.73	2.23	2.03	1.77	1.82

Competitive Comparison of Rockwool AS's Receivables Turnover

For the Building Products & Equipment subindustry, Rockwool 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.

Rockwool AS's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Rockwool AS's Receivables Turnover distribution charts can be found below:

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

Rockwool AS Receivables Turnover Calculation

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

Rockwool AS'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 )
=	26981.435	/ (	(2581.511	+	2511.808)	/	2 )
=	26981.435	/	2546.6595
=	10.59

Rockwool AS's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	7135.545	/ (	(4298.981	+	3549.132)	/	2 )
=	7135.545	/	3924.0565
=	1.82

Rockwool AS (LTS:0M0A) 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.

Rockwool AS Receivables Turnover Related Terms

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Rockwool AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rockwool AS (LTS:0M0A) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

RKWBF:USA ROCKBc:UK 0M09:UK ROCK B:Denmark ROCK A:Denmark R90:Germany

Address

Hovedgaden 584, Hedehusene, DNK, 2640

Website

https://www.rockwool.com

Rockwool AS manufactures and sells building materials, including insulation, and roofing systems. The company organizes itself into two segments based on the product: Insulation and Systems. The Insulation segment, which generates the majority of revenue, sells building, industrial, and technical insulation and external thermal insulation wall systems to the construction industry. The Systems business sells acoustic ceilings and wall systems, external cladding systems, horticultural substrate solutions, engineered fiber solutions, and noise and vibration control to the construction and automotive industries. The majority of sales come from Europe.

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