LapWall Oyj (OHEL:LAPWALL) Receivables Turnover : 6.75 (As of Jun. 2024)

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What is LapWall 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. LapWall Oyj's Revenue for the six months ended in Jun. 2024 was €21.13 Mil. LapWall Oyj's average Accounts Receivable for the six months ended in Jun. 2024 was €3.13 Mil. Hence, LapWall Oyj's Receivables Turnover for the six months ended in Jun. 2024 was 6.75.

LapWall Oyj Receivables Turnover Historical Data

The historical data trend for LapWall 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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LapWall Oyj Receivables Turnover Chart

LapWall Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

18.48

15.75

20.19

25.76

15.03

LapWall Oyj Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial				10.90	8.91	6.98	8.37	6.75

Competitive Comparison of LapWall Oyj's Receivables Turnover

For the Lumber & Wood Production subindustry, LapWall 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.

LapWall Oyj's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, LapWall Oyj's Receivables Turnover distribution charts can be found below:

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

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LapWall Oyj Receivables Turnover Calculation

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

LapWall 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 )
=	41.873	/ (	(2.74	+	2.832)	/	2 )
=	41.873	/	2.786
=	15.03

LapWall Oyj's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	21.125	/ (	(2.832	+	3.423)	/	2 )
=	21.125	/	3.1275
=	6.75

LapWall Oyj (OHEL:LAPWALL) 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.

LapWall Oyj Receivables Turnover Related Terms

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LapWall Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » LapWall Oyj (OHEL:LAPWALL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

QJ1:Germany

Address

Periojantie 3, Pyhanta, FIN, 92930

Website

https://www.lapwall.fi

LapWall Oyj is a manufacturer and developer of wood elements. The LapWall LEK - Element System covers everything from sales to installation. LapWall LEKO - Element System contains more than 50 products, all of which are wooden elements.

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