Spinnova Oyj (OHEL:SPINN) Receivables Turnover : 1.31 (As of Dec. 2024)

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What is Spinnova 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. Spinnova Oyj's Revenue for the six months ended in Dec. 2024 was €0.40 Mil. Spinnova Oyj's average Accounts Receivable for the six months ended in Dec. 2024 was €0.31 Mil. Hence, Spinnova Oyj's Receivables Turnover for the six months ended in Dec. 2024 was 1.31.

Spinnova Oyj Receivables Turnover Historical Data

The historical data trend for Spinnova 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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Spinnova Oyj Receivables Turnover Chart

Spinnova Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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0.44

11.03

7.92

2.71

0.56

Spinnova Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial							5.82	1.54	0.44	0.29	1.31

Competitive Comparison of Spinnova Oyj's Receivables Turnover

For the Textile Manufacturing subindustry, Spinnova 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.

Spinnova Oyj's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Spinnova Oyj's Receivables Turnover distribution charts can be found below:

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

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Spinnova Oyj Receivables Turnover Calculation

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

Spinnova 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 )
=	0.762	/ (	(2.301	+	0.429)	/	2 )
=	0.762	/	1.365
=	0.56

Spinnova 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: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	0.4	/ (	(0.182	+	0.429)	/	2 )
=	0.4	/	0.3055
=	1.31

Spinnova Oyj (OHEL:SPINN) 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.

Spinnova Oyj Receivables Turnover Related Terms

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Spinnova Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Spinnova Oyj (OHEL:SPINN) » Definitions » Receivables Turnover

Traded in Other Exchanges

9HP:Germany

Address

Palokarjentie 2-4, Jyvaskyla, FIN, 40320

Website

https://www.spinnova.com

Spinnova Oyj is engaged in the provision of technology deliveries and services for sustainable textile production. The company has developed a technology for making textile fiber from wood or waste, such as leather, textile, or agricultural waste, without harmful chemicals.

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