Hove A/S (OCSE:HOVE) Receivables Turnover : 3.60 (As of Dec. 2023)

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What is Hove A/S 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. Hove A/S's Revenue for the six months ended in Dec. 2023 was kr90.7 Mil. Hove A/S's average Accounts Receivable for the six months ended in Dec. 2023 was kr25.2 Mil. Hence, Hove A/S's Receivables Turnover for the six months ended in Dec. 2023 was 3.60.

Hove A/S Receivables Turnover Historical Data

The historical data trend for Hove A/S'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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Hove A/S Receivables Turnover Chart

Hove A/S Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

12.74

11.10

8.91

8.84

8.85

Hove A/S Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			3.81	3.88	3.89	3.73	3.60

Competitive Comparison of Hove A/S's Receivables Turnover

For the Specialty Chemicals subindustry, Hove A/S'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.

Hove A/S's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hove A/S's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hove A/S's Receivables Turnover falls into.

Hove A/S Receivables Turnover Calculation

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

Hove A/S's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	186.965	/ (	(21.786	+	20.467)	/	2 )
=	186.965	/	21.1265
=	8.85

Hove A/S's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	90.652	/ (	(29.919	+	20.467)	/	2 )
=	90.652	/	25.193
=	3.60

Hove A/S (OCSE:HOVE) 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.

Hove A/S Receivables Turnover Related Terms

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Hove A/S (OCSE:HOVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hove A/S (OCSE:HOVE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LL0:Germany

Address

Herstedostervej 7, Glostrup, DNK, 2600

Website

https://www.hove-as.com

Hove A/S is engaged in developing and designing complete advanced lubrication solutions. Its products cover Hove Smart Lube, Lubrication solutions, and Beinlich & Hafnia pumps.

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