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Evli (OHEL:EVLI) Receivables Turnover : 0.39 (As of Mar. 2024)


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What is Evli 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. Evli's Revenue for the three months ended in Mar. 2024 was €29.2 Mil. Evli's average Accounts Receivable for the three months ended in Mar. 2024 was €74.4 Mil. Hence, Evli's Receivables Turnover for the three months ended in Mar. 2024 was 0.39.

Evli Receivables Turnover Historical Data

The historical data trend for Evli'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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Evli Receivables Turnover Chart

Evli Annual Data
Trend Dec21 Dec22 Dec23
Receivables Turnover
1.49 1.14 1.35

Evli Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 - - 0.43 0.39

Competitive Comparison of Evli's Receivables Turnover

For the Asset Management subindustry, Evli'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.

Evli's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Evli's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Evli's Receivables Turnover falls into.


Evli Receivables Turnover Calculation

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

Evli'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 )
=114.6 / ((95.7 + 74.4) / 2 )
=114.6 / 85.05
=1.35

Evli's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=29.2 / ((74.4 + 0) / 1 )
=29.2 / 74.4
=0.39

* 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.

Evli  (OHEL:EVLI) 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.

Evli Receivables Turnover Related Terms

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Evli (OHEL:EVLI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Evli PLC (OHEL:EVLI) » Definitions » Receivables Turnover
Comparable Companies
OHEL:EQV1V OHEL:CAPMAN OHEL:TAALA OHEL:TITAN OHEL:UNITED OHEL:ALEX OHEL:ARVOSK OHEL:KHG OHEL:SPRING BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III OSTO:EQT
Traded in Other Exchanges
N/A
Address
Aleksanterinkatu 19, 4th Floor, P.O. Box 1081, Helsinki, FIN, FI-00101
Website
https://www.evli.com
EVLI PLC is engaged in asset management. The product and service offering includes mutual funds, asset management, capital markets services, alternative investment products, equity research, planning and administration of incentive programs, and Corporate Finance services.