Vow ASA (LTS:0QTW) Receivables Turnover : 1.32 (As of Dec. 2024)

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What is Vow 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. Vow ASA's Revenue for the three months ended in Dec. 2024 was kr265.7 Mil. Vow ASA's average Accounts Receivable for the three months ended in Dec. 2024 was kr201.1 Mil. Hence, Vow ASA's Receivables Turnover for the three months ended in Dec. 2024 was 1.32.

Vow ASA Receivables Turnover Historical Data

The historical data trend for Vow 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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Vow ASA Receivables Turnover Chart

Vow ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.24

3.35

4.98

4.24

4.56

Vow ASA Quarterly Data
	Sep16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.71	0.89	-	1.34	1.32

Competitive Comparison of Vow ASA's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Vow 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.

Vow ASA's Receivables Turnover Distribution in the Industrial Products Industry

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

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

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Vow ASA Receivables Turnover Calculation

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

Vow 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 )
=	1018.2	/ (	(240.9	+	205.8)	/	2 )
=	1018.2	/	223.35
=	4.56

Vow 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 )
=	265.7	/ (	(196.3	+	205.8)	/	2 )
=	265.7	/	201.05
=	1.32

Vow ASA (LTS:0QTW) 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.

Vow ASA Receivables Turnover Related Terms

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Vow ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vow ASA (LTS:0QTW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SSHPF:USA SSHIPo:Sweden VOW:Norway 213:Germany

Address

Lysaker Torg 12, Lysaker, NOR, 1366

Website

https://www.vowasa.com

Vow ASA develops and delivers technology and solutions to bring an end to waste and help industries decarbonise - solutions. The solutions purify wastewater and convert biomass and waste into valuable resources, generating CO2-neutral energy and biocarbon that decarbonise industrial processes. The group is organised across three operating segments: Industrial Solutions, Maritime Solutions and Aftersales. Marine solution segment provide advanced systems with technologies for processing waste and purifying wastewater for cruise ships and aquaculture. Industrial solution designs and provides plants for processing biomass, food products, and industry residues, which are widespread in the sectors of environment, agro-food and energy. Aftersales segment are sales of spare parts, consumable, etc.

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