Martela Oyj (OHEL:MARAS) Receivables Turnover : 1.61 (As of Dec. 2024)

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What is Martela 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. Martela Oyj's Revenue for the three months ended in Dec. 2024 was €24.73 Mil. Martela Oyj's average Accounts Receivable for the three months ended in Dec. 2024 was €15.37 Mil. Hence, Martela Oyj's Receivables Turnover for the three months ended in Dec. 2024 was 1.61.

Martela Oyj Receivables Turnover Historical Data

The historical data trend for Martela 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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Martela Oyj Receivables Turnover Chart

Martela Oyj Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.99

6.07

6.39

5.89

5.29

Martela Oyj Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.58	1.33	1.49	1.46	1.61

Competitive Comparison of Martela Oyj's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Martela 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.

Martela Oyj's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Martela Oyj's Receivables Turnover distribution charts can be found below:

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

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Martela Oyj Receivables Turnover Calculation

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

Martela 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 )
=	86.668	/ (	(16.218	+	16.557)	/	2 )
=	86.668	/	16.3875
=	5.29

Martela 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 )
=	24.73	/ (	(14.191	+	16.557)	/	2 )
=	24.73	/	15.374
=	1.61

Martela Oyj (OHEL:MARAS) 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.

Martela Oyj Receivables Turnover Related Terms

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Martela Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Martela Oyj (OHEL:MARAS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Miestentie 1, P.O. Box 44, Espoo, FIN, 02150

Website

https://www.martela.fi

Martela Oyj is engaged in designing and implementing workplace and learning environments. The company supplies user-centric solutions to today's workplaces, mobile work, and activity-based offices. The company also offers the widest selection of services supporting changes in interior planning as well as supporting maintenance. The total offering comprises the change of the whole workplace from its specification and planning to implementation and maintenance. The company generates revenue from Finland, Sweden, Norway, and other countries, with the majority of revenue earned in Finland.

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