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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. Nok Airlines PCL's Revenue for the
three
months ended in Sep. 2024 was $46.1 Mil. Nok Airlines PCL's average Accounts Receivable for the
three
months ended in Sep. 2024 was $4.1 Mil.
Hence, Nok Airlines PCL's Receivables Turnover for the
three
months ended in Sep. 2024 was 11.18.
Nok Airlines PCL (OTCPK:NOKPF) 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.
Nok Airlines PCL Receivables Turnover Related Terms
Nok Airlines PCL Receivables Turnover Historical Data
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The historical data trend for Nok Airlines PCL'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.
NOKPF vs MESA, HRBR, FLYYQ: Receivables Turnover Comparison
For the Airlines subindustry, Nok Airlines PCL'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.
Nok Airlines PCL Receivables Turnover vs Transportation Industry
For the Transportation industry and Industrials sector, Nok Airlines PCL's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Nok Airlines PCL's Receivables Turnover falls into.
* 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.
Nok Airlines PCL (NOKPF) has a Receivables Turnover of 11.18 as of Sep. 2024. The accounts 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. View historical data on Nok Airlines PCL and its competitors.
Is Nok Airlines PCL's Receivables Turnover too high?
Nok Airlines PCL's current Receivables Turnover is 11.18. The Transportation industry median Receivables Turnover is 7.74. Nok Airlines PCL's value of 11.18 is 44.4% above this industry median. Overall, Nok Airlines PCL has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Nok Airlines PCL's Receivables Turnover compare to MESA and HRBR?
Nok Airlines PCL's Receivables Turnover of 11.18 can be compared against companies in the Transportation industry. The industry median Receivables Turnover is 7.74. Nok Airlines PCL's value of 11.18 is 44.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Transportation company?
The median Receivables Turnover among Transportation companies is 7.74, based on 999 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nok Airlines PCL's current Receivables Turnover of 11.18 is 44.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Nok Airlines PCL and its competitors. For the Transportation industry, the median Receivables Turnover is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nok Airlines PCL's current Receivables Turnover is 11.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nok Airlines PCL stock overvalued right now?
Nok Airlines PCL (NOKPF) has a current Receivables Turnover of 11.18. The current Receivables Turnover is 11.18 and 44.4% above the Transportation industry median of 7.74. Nok Airlines PCL's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Nok Airlines PCL (NOKPF), the current Receivables Turnover is 11.18 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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