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AIK Fotboll AB (NGM:AIK B) Receivables Turnover : 2.25 (As of Mar. 2024)


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What is AIK Fotboll 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. AIK Fotboll AB's Revenue for the three months ended in Mar. 2024 was kr64.8 Mil. AIK Fotboll AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr28.8 Mil. Hence, AIK Fotboll AB's Receivables Turnover for the three months ended in Mar. 2024 was 2.25.


AIK Fotboll AB Receivables Turnover Historical Data

The historical data trend for AIK Fotboll 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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AIK Fotboll AB Receivables Turnover Chart

AIK Fotboll AB Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.60 39.11 23.25 37.17 20.80

AIK Fotboll AB Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 1.89 1.69 0.91 1.40 2.25

Competitive Comparison of AIK Fotboll AB's Receivables Turnover

For the Entertainment subindustry, AIK Fotboll 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.


AIK Fotboll AB's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, AIK Fotboll AB's Receivables Turnover distribution charts can be found below:

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



AIK Fotboll AB Receivables Turnover Calculation

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

AIK Fotboll AB's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=237.209 / ((4.03 + 18.775) / 2 )
=237.209 / 11.4025
=20.80

AIK Fotboll 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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=64.835 / ((37.252 + 20.351) / 2 )
=64.835 / 28.8015
=2.25

* 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.


AIK Fotboll AB  (NGM:AIK B) 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.


AIK Fotboll AB Receivables Turnover Related Terms

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AIK Fotboll AB (NGM:AIK B) Business Description

Traded in Other Exchanges
N/A
Address
Evenemangsgatan 31, Solna, SWE, 169 79
AIK Fotboll AB operates a football club. The company conducts AIK Football Association's elite football activities through a men's team, a women's team and a junior team for men.

AIK Fotboll AB (NGM:AIK B) Headlines

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