Avsalt Group AB (NGM:AVSALT) Receivables Turnover : 0.00 (As of Jun. 2024)

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What is Avsalt Group 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. Avsalt Group AB's Revenue for the three months ended in Jun. 2024 was kr0.00 Mil. Avsalt Group AB's average Accounts Receivable for the three months ended in Jun. 2024 was kr0.07 Mil.

Avsalt Group AB Receivables Turnover Historical Data

The historical data trend for Avsalt Group 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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Avsalt Group AB Receivables Turnover Chart

Avsalt Group AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

1.70

2.57

5.84

Avsalt Group AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Jun24
Receivables Turnover	Get a 7-Day Free Trial											0.59	1.19	2.95	-	-

Competitive Comparison of Avsalt Group AB's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Avsalt Group 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.

Avsalt Group AB's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Avsalt Group AB Receivables Turnover Calculation

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

Avsalt Group 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 )
=	0.534	/ (	(0.109	+	0.074)	/	2 )
=	0.534	/	0.0915
=	5.84

Avsalt Group AB's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	0	/ (	(0.129	+	0.003)	/	2 )
=	0	/	0.066
=	N/A

Avsalt Group AB (NGM:AVSALT) 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.

Avsalt Group AB Receivables Turnover Related Terms

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Avsalt Group AB Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Open lab, Forskaren 3rd floor, Per Albin Hanssons vag 35, Malmo, SWE, 214 32

Website

https://www.avsalt.com

Avsalt Group AB is a Swedish environmental technology company that manufactures desalination machines to purify water. The company's patented technology entails minimal maintenance and low energy consumption and enables a continuous flow of water purified from ions and charged small molecules. The technology is based on thin carbon-based electrodes which, with alternating voltage application, remove ions and charged small molecules from the water.

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