Svitzer Group AS (OCSE:SVITZR) Receivables Turnover : 3.79 (As of Dec. 2024)

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What is Svitzer Group 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. Svitzer Group AS's Revenue for the six months ended in Dec. 2024 was kr3,182 Mil. Svitzer Group AS's average Accounts Receivable for the six months ended in Dec. 2024 was kr840 Mil. Hence, Svitzer Group AS's Receivables Turnover for the six months ended in Dec. 2024 was 3.79.

Svitzer Group AS Receivables Turnover Historical Data

The historical data trend for Svitzer Group 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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Svitzer Group AS Receivables Turnover Chart

Svitzer Group AS Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

7.65

8.29

7.28

7.31

Svitzer Group AS Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			-	3.97	3.37	3.69	3.79

Competitive Comparison of Svitzer Group AS's Receivables Turnover

For the Marine Shipping subindustry, Svitzer Group 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.

Svitzer Group AS's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Svitzer Group AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Svitzer Group AS's Receivables Turnover falls into.

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Svitzer Group AS Receivables Turnover Calculation

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

Svitzer Group AS's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	6320	/ (	(876	+	853)	/	2 )
=	6320	/	864.5
=	7.31

Svitzer Group AS's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	3182	/ (	(826	+	853)	/	2 )
=	3182	/	839.5
=	3.79

Svitzer Group AS (OCSE:SVITZR) 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.

Svitzer Group AS Receivables Turnover Related Terms

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Svitzer Group AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Svitzer Group AS (OCSE:SVITZR) » Definitions » Receivables Turnover

Traded in Other Exchanges

SVZRF:USA 9Y1:Germany

Address

Sundkrogsgade 17, Copenhagen, DNK, 2100

Website

https://www.svitzer.com

Svitzer Group AS is in sustainable marine services. It provides customers with business-critical and safe towage services and maritime solutions. Company have divided its towage service business into two main areas: Harbour Towage: In Harbour Towage, company enter into agreements with vessel owners or operators to provide towage services for their vessels in specific ports; and Terminal Towage , company enter into agreements with on and offshore terminal operators or other customers for the delivery of towage services by making a pre-determined number of tugboats, and sometimes other vessels, available to service all vessels that enter or leave the specific terminal. The company operates in various countries such as Australia, Europe, America, AMEA, with majority from Australia.

Svitzer Group AS Headlines

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