Inderes Oyj (OHEL:INDERES) Receivables Turnover : 2.35 (As of Dec. 2024)

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What is Inderes 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. Inderes Oyj's Revenue for the three months ended in Dec. 2024 was €4.23 Mil. Inderes Oyj's average Accounts Receivable for the three months ended in Dec. 2024 was €1.80 Mil. Hence, Inderes Oyj's Receivables Turnover for the three months ended in Dec. 2024 was 2.35.

Inderes Oyj Receivables Turnover Historical Data

The historical data trend for Inderes 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.

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Inderes Oyj Receivables Turnover Chart

Inderes Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.37

6.40

6.63

7.24

8.80

Inderes Oyj Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial												1.77	2.10	31.43	26.25	2.35

Competitive Comparison of Inderes Oyj's Receivables Turnover

For the Capital Markets subindustry, Inderes 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.

Inderes Oyj's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Inderes Oyj's Receivables Turnover distribution charts can be found below:

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

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Inderes Oyj Receivables Turnover Calculation

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

Inderes Oyj'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 )
=	18.386	/ (	(2.377	+	1.804)	/	2 )
=	18.386	/	2.0905
=	8.80

Inderes Oyj'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: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	4.231	/ (	(0	+	1.804)	/	1 )
=	4.231	/	1.804
=	2.35

Inderes Oyj (OHEL:INDERES) 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.

Inderes Oyj Receivables Turnover Related Terms

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Inderes Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Inderes Oyj (OHEL:INDERES) » Definitions » Receivables Turnover

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Address

Baltic Sea Market 2, Helsinki, FIN, 00180

Website

https://www.inderes.fi

Inderes Oyj mission is to bring listed companies and investors together. The company has more than 150 listed companies as customers, which want to serve owners and the investor community by providing better investor communication. Inderes' investor community includes more than 64,000 active members interested in investing in equities.

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