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Granges AB (LTS:0R9X) Receivables Turnover : 1.78 (As of Dec. 2024)


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What is Granges 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. Granges AB's Revenue for the three months ended in Dec. 2024 was kr6,184 Mil. Granges AB's average Accounts Receivable for the three months ended in Dec. 2024 was kr3,480 Mil. Hence, Granges AB's Receivables Turnover for the three months ended in Dec. 2024 was 1.78.


Granges AB Receivables Turnover Historical Data

The historical data trend for Granges 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.

* Premium members only.

Granges AB Receivables Turnover Chart

Granges AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.64 9.90 11.06 9.13 7.46

Granges AB 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.75 1.85 1.86 1.72 1.78

Competitive Comparison of Granges AB's Receivables Turnover

For the Aluminum subindustry, Granges 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.


Granges AB's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Granges AB's Receivables Turnover distribution charts can be found below:

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



Granges AB Receivables Turnover Calculation

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

Granges AB'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 )
=23505 / ((2656 + 3648) / 2 )
=23505 / 3152
=7.46

Granges AB'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 )
=6184 / ((3312 + 3648) / 2 )
=6184 / 3480
=1.78

* 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.


Granges AB  (LTS:0R9X) 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.


Granges AB Receivables Turnover Related Terms

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Granges AB Business Description

Traded in Other Exchanges
Address
Linnegatan 18, Stockholm, SWE, SE 114 47
Granges AB is a Sweden-based supplier of rolled aluminum products for original equipment manufacturers. It produces heat exchanger applications, specialty packaging, and new rolled product niches. It develops, produces, and markets materials that enhance efficiency in the customers' manufacturing process and the performance of the final products. The firm's geographical end-customer markets are Asia Pacific, Europe and North and South Americas. Granges has two operating segment: Granges Eurasia and Granges Americas. It derives maximum revenue from Granges Eurasia.

Granges AB Headlines

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