MT Hojgaard Holding AS (OCSE:MTHH) Receivables Turnover : 1.33 (As of Sep. 2024)

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What is MT Hojgaard Holding AS 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. MT Hojgaard Holding AS's Revenue for the three months ended in Sep. 2024 was kr2,585 Mil. MT Hojgaard Holding AS's average Accounts Receivable for the three months ended in Sep. 2024 was kr1,941 Mil. Hence, MT Hojgaard Holding AS's Receivables Turnover for the three months ended in Sep. 2024 was 1.33.

MT Hojgaard Holding AS Receivables Turnover Historical Data

The historical data trend for MT Hojgaard Holding AS'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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MT Hojgaard Holding AS Receivables Turnover Chart

MT Hojgaard Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.63

4.67

4.54

4.14

4.85

MT Hojgaard Holding AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.14	1.30	1.12	1.25	1.33

Competitive Comparison of MT Hojgaard Holding AS's Receivables Turnover

For the Engineering & Construction subindustry, MT Hojgaard Holding AS'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.

MT Hojgaard Holding AS's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, MT Hojgaard Holding AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where MT Hojgaard Holding AS's Receivables Turnover falls into.

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MT Hojgaard Holding AS Receivables Turnover Calculation

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

MT Hojgaard Holding AS'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 )
=	9788.2	/ (	(2029.9	+	2006.1)	/	2 )
=	9788.2	/	2018
=	4.85

MT Hojgaard Holding AS's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	2585.2	/ (	(2160.7	+	1721)	/	2 )
=	2585.2	/	1940.85
=	1.33

MT Hojgaard Holding AS (OCSE:MTHH) 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.

MT Hojgaard Holding AS Receivables Turnover Related Terms

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MT Hojgaard Holding AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MT Hojgaard Holding AS (OCSE:MTHH) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Knud Hojgaards Vej 7, Soborg, DNK, 2860

Website

https://www.mth.com

MT Hojgaard Holding AS together with its subsidiaries, operates in the construction and civil engineering industries in the Nordic countries. It develops, constructs, and refurbishes private and public sector buildings; constructs residential, head office, hospital, station, refurbishment, and PPP projects; and builds residential, office, school, and research and laboratory facilities, as well as engages in electrical installation activities. MT Hojgaard, Enemaerke & Petersen and MT Hojgaard Property Development, The Group is engaged in construction and civil works activities in Denmark and internationally. The Group is engaged in international activities in Asia (Maldives and Vietnam).

MT Hojgaard Holding AS Headlines

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