Nurminen Logistics Oyj (OHEL:NLG1V) Receivables Turnover : 2.72 (As of Mar. 2025)

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What is Nurminen Logistics 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. Nurminen Logistics Oyj's Revenue for the three months ended in Mar. 2025 was €32.42 Mil. Nurminen Logistics Oyj's average Accounts Receivable for the three months ended in Mar. 2025 was €11.90 Mil. Hence, Nurminen Logistics Oyj's Receivables Turnover for the three months ended in Mar. 2025 was 2.72.

Nurminen Logistics Oyj Receivables Turnover Historical Data

The historical data trend for Nurminen Logistics 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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Nurminen Logistics Oyj Receivables Turnover Chart

Nurminen Logistics Oyj Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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12.21

13.53

11.58

15.93

10.91

Nurminen Logistics Oyj Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															3.95	2.55	2.63	1.16	2.72

Competitive Comparison of Nurminen Logistics Oyj's Receivables Turnover

For the Railroads subindustry, Nurminen Logistics 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.

Nurminen Logistics Oyj's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nurminen Logistics Oyj's Receivables Turnover distribution charts can be found below:

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

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Nurminen Logistics Oyj Receivables Turnover Calculation

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

Nurminen Logistics 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 )
=	104.766	/ (	(9.005	+	10.204)	/	2 )
=	104.766	/	9.6045
=	10.91

Nurminen Logistics Oyj's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	32.415	/ (	(10.204	+	13.604)	/	2 )
=	32.415	/	11.904
=	2.72

Nurminen Logistics Oyj (OHEL:NLG1V) 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.

Nurminen Logistics Oyj Receivables Turnover Related Terms

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Nurminen Logistics Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nurminen Logistics Oyj (OHEL:NLG1V) » Definitions » Receivables Turnover

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8I4:Germany

Address

Satamakaari 24, Helsinki, FIN, 00980

Website

https://www.nurminenlogistics.com

Nurminen Logistics Oyj is engaged in the provision of logistics services. The company offers high-quality rail transport, terminal, and multimodal solutions between Asia and Europe and in the Nordic and Baltic countries. The company's revenue consists mainly of forwarding services, railway transport, and terminal services. The company also receives income from short-term and long-term warehousing services. Geographically, the company derives the majority of its revenue from Baltic countries.

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