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Suominen Oyj (OHEL:SUY1V) Receivables Turnover : 1.87 (As of Dec. 2024)


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What is Suominen 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. Suominen Oyj's Revenue for the three months ended in Dec. 2024 was €118.5 Mil. Suominen Oyj's average Accounts Receivable for the three months ended in Dec. 2024 was €63.4 Mil. Hence, Suominen Oyj's Receivables Turnover for the three months ended in Dec. 2024 was 1.87.


Suominen Oyj Receivables Turnover Historical Data

The historical data trend for Suominen 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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Suominen Oyj Receivables Turnover Chart

Suominen Oyj Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.38 7.60 7.47 6.99 7.41

Suominen 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.88 1.75 1.74 1.68 1.87

Competitive Comparison of Suominen Oyj's Receivables Turnover

For the Household & Personal Products subindustry, Suominen 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.


Suominen Oyj's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Suominen Oyj's Receivables Turnover distribution charts can be found below:

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


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Suominen Oyj Receivables Turnover Calculation

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

Suominen 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 )
=462.318 / ((62.325 + 62.477) / 2 )
=462.318 / 62.401
=7.41

Suominen 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 )
=118.51 / ((64.251 + 62.477) / 2 )
=118.51 / 63.364
=1.87

* 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.


Suominen Oyj  (OHEL:SUY1V) 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.


Suominen Oyj Receivables Turnover Related Terms

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Suominen Oyj Business Description

Traded in Other Exchanges
Address
Karvaamokuja 2 B, 3rd Floor, Helsinki, FIN, FI-00380
Suominen Oyj manufactures nonwovens as roll goods for wipes and hygiene products and medical applications. Its products include wipes for personal hygiene, baby care, household and workplace, sanitary pads, diapers, and surgical drapes swabs. The firm generates the majority of its sales from the United States.

Suominen Oyj Headlines

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