Caverion Oyj (LTS:0QFC) Receivables Turnover : 1.77 (As of Mar. 2024)

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What is Caverion Oyj 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. Caverion Oyj's Revenue for the three months ended in Mar. 2024 was €594 Mil. Caverion Oyj's average Accounts Receivable for the three months ended in Mar. 2024 was €336 Mil. Hence, Caverion Oyj's Receivables Turnover for the three months ended in Mar. 2024 was 1.77.

Caverion Oyj Receivables Turnover Historical Data

The historical data trend for Caverion Oyj'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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Caverion Oyj Receivables Turnover Chart

Caverion Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.62

6.67

6.46

6.48

6.65

Caverion Oyj 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															1.77	1.93	1.75	1.93	1.77

Competitive Comparison of Caverion Oyj's Receivables Turnover

For the Specialty Business Services subindustry, Caverion Oyj'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.

Caverion Oyj's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Caverion Oyj's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Caverion Oyj's Receivables Turnover falls into.

Caverion Oyj Receivables Turnover Calculation

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

Caverion Oyj'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 )
=	2490.9	/ (	(379.6	+	369.7)	/	2 )
=	2490.9	/	374.65
=	6.65

Caverion Oyj'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 )
=	594.3	/ (	(369.7	+	302.1)	/	2 )
=	594.3	/	335.9
=	1.77

Caverion Oyj (LTS:0QFC) 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.

Caverion Oyj Receivables Turnover Related Terms

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Caverion Oyj (LTS:0QFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Caverion Oyj (LTS:0QFC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CAV1V:Finland C7O:Germany

Address

Torpantie 2, Vantaa, FIN, 01650

Website

https://www.caverion.com

Caverion Oyj is a Finland-based service company. It designs, builds, operates, and maintains user-friendly and energy-efficient technical solutions for buildings and industries throughout the life cycle of the property. Caverion's services are used in offices and retail properties, public premises, industrial plants, and infrastructure, among other places. It operates in two business units: Services and Projects. It generates the majority of its revenue from the Services segment. Some of its Products and Services include Consulting, Technical Maintenance, Lifecycle Management, Smart Solutions & Analytics services, Industrial Services centers, and Facility management. Its geographical segments include Sweden, Finland, Germany, Norway, Industry, Austria, Denmark, and Other countries.

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