Peab AB (LTS:0MHT) Receivables Turnover : 2.87 (As of Mar. 2024)

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What is Peab 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. Peab AB's Revenue for the three months ended in Mar. 2024 was kr11,450 Mil. Peab AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr3,990 Mil. Hence, Peab AB's Receivables Turnover for the three months ended in Mar. 2024 was 2.87.

Peab AB Receivables Turnover Historical Data

The historical data trend for Peab 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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Peab AB Receivables Turnover Chart

Peab AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.18

7.31

7.71

7.62

8.02

Peab AB Quarterly Data
	Jun19	Sep19	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															2.96	53.39	18.20	4.16	2.87

Competitive Comparison of Peab AB's Receivables Turnover

For the Engineering & Construction subindustry, Peab 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.

Peab AB's Receivables Turnover Distribution in the Construction Industry

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

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

Peab AB Receivables Turnover Calculation

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

Peab 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 )
=	61350	/ (	(8454	+	6854)	/	2 )
=	61350	/	7654
=	8.02

Peab 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 )
=	11450	/ (	(6854	+	1126)	/	2 )
=	11450	/	3990
=	2.87

Peab AB (LTS:0MHT) 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.

Peab AB Receivables Turnover Related Terms

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Peab AB (LTS:0MHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Peab AB (LTS:0MHT) » Definitions » Receivables Turnover

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Traded in Other Exchanges

PEAB B:Sweden PEKB:Germany

Address

Margretetorpsvagen 84, Forslov, SWE, SE-269 73

Website

https://www.peab.com

Peab AB is one of the leading Nordic construction and civil engineering companies. It builds offices around the region and contributes to all stages of construction. Many projects are related to housing, transportation, commercial property, and building materials. A network of subcontractors and external suppliers helps plan and build innovative systems for projects. Peab operates in four business areas: construction (roughly half of total revenue), civil engineering, industry, and project development. It uses technical expertise and input from customers to complete projects and deliver customized solutions. The majority of sales come from Sweden, and the company has the capacity to complete smaller local projects as well as more complex construction projects.

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