Lassila & Tikanoja Oyj (OHEL:LAT1V) Receivables Turnover : 2.27 (As of Mar. 2024)

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What is Lassila & Tikanoja 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. Lassila & Tikanoja Oyj's Revenue for the three months ended in Mar. 2024 was €185.0 Mil. Lassila & Tikanoja Oyj's average Accounts Receivable for the three months ended in Mar. 2024 was €81.6 Mil. Hence, Lassila & Tikanoja Oyj's Receivables Turnover for the three months ended in Mar. 2024 was 2.27.

Lassila & Tikanoja Oyj Receivables Turnover Historical Data

The historical data trend for Lassila & Tikanoja 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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Lassila & Tikanoja Oyj Receivables Turnover Chart

Lassila & Tikanoja Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.16

9.00

9.58

9.49

9.07

Lassila & Tikanoja 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															2.40	2.76	2.45	2.37	2.27

Competitive Comparison of Lassila & Tikanoja Oyj's Receivables Turnover

For the Waste Management subindustry, Lassila & Tikanoja 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.

Lassila & Tikanoja Oyj's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Lassila & Tikanoja Oyj's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lassila & Tikanoja Oyj's Receivables Turnover falls into.

Lassila & Tikanoja Oyj Receivables Turnover Calculation

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

Lassila & Tikanoja 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 )
=	802.1	/ (	(91	+	85.9)	/	2 )
=	802.1	/	88.45
=	9.07

Lassila & Tikanoja 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 )
=	185	/ (	(85.9	+	77.3)	/	2 )
=	185	/	81.6
=	2.27

Lassila & Tikanoja Oyj (OHEL:LAT1V) 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.

Lassila & Tikanoja Oyj Receivables Turnover Related Terms

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Lassila & Tikanoja Oyj (OHEL:LAT1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Lassila & Tikanoja Oyj (OHEL:LAT1V) » Definitions » Receivables Turnover

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LT5:Germany

Address

Valimotie 27, Helsinki, FIN, FIN-00380

Website

https://www.lt.fi

Lassila & Tikanoja Oyj provides waste management and recycling operations, cleaning and repair services, construction, and other environment-related activities. It works to reduce waste, extend useful lives of properties, recover materials, and reduce energy consumption. The company manages different forms of waste, including electrical equipment and paper. The waste is transformed into raw materials and fuel for power plants. Lassila & Tikanoja has four primary business divisions: environmental services, industrial services, facility services, and renewable energy sources. Cleaning staff become familiar with customers' premises and perform environmentally friendly cleaning methods. In addition, the company provides maintenance and installation for technical equipment and machinery.

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