Glaston Oyj (OHEL:GLA1V) Receivables Turnover : 3.47 (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Glaston Oyj 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. Glaston Oyj's Revenue for the three months ended in Mar. 2024 was €55.8 Mil. Glaston Oyj's average Accounts Receivable for the three months ended in Mar. 2024 was €16.1 Mil. Hence, Glaston Oyj's Receivables Turnover for the three months ended in Mar. 2024 was 3.47.

Glaston Oyj Receivables Turnover Historical Data

The historical data trend for Glaston Oyj'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.

* Premium members only.

Glaston Oyj Receivables Turnover Chart

Glaston Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

11.76

10.27

13.46

14.11

15.24

Glaston Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.53	2.44	2.34	3.48	3.47

Competitive Comparison of Glaston Oyj's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Glaston Oyj'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.

Glaston Oyj's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Glaston Oyj's Receivables Turnover distribution charts can be found below:

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

Glaston Oyj Receivables Turnover Calculation

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

Glaston Oyj'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 )
=	219.708	/ (	(17.768	+	11.061)	/	2 )
=	219.708	/	14.4145
=	15.24

Glaston Oyj'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 )
=	55.8	/ (	(11.061	+	21.1)	/	2 )
=	55.8	/	16.0805
=	3.47

Glaston Oyj (OHEL:GLA1V) 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.

Glaston Oyj Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Glaston Oyj's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Glaston Oyj (OHEL:GLA1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Glaston Oyj (OHEL:GLA1V) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KRY0:Germany

Address

Lonnrotinkatu 11, Helsinki, FIN, 00120

Website

https://www.glaston.net

Glaston Oyj is a company engaged in developing and selling glass processing machinery. Its business includes a wide and technologically advanced range of heat treatment machines, maintenance, upgrade and modernization services, and spare parts for glass flat tempering, bending, bending tempering and laminating. It also offers digital services, such as glass processing machine remote monitoring and fault analysis services, and consulting and engineering services. The company provides solutions to various industries including Architectural, Appliances, Automotive, and Solar. The business operates in three segments; Heat Treatment, Insulating Glass and Automotive and Display. The Insulating Glass segment generates the majority of its revenue.

Glaston Oyj (OHEL:GLA1V) Headlines

No Headlines