Wetteri Oyj (OHEL:WETTERI) Receivables Turnover : 5.23 (As of Dec. 2024)

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What is Wetteri 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. Wetteri Oyj's Revenue for the three months ended in Dec. 2024 was €101.2 Mil. Wetteri Oyj's average Accounts Receivable for the three months ended in Dec. 2024 was €19.4 Mil. Hence, Wetteri Oyj's Receivables Turnover for the three months ended in Dec. 2024 was 5.23.

Wetteri Oyj Receivables Turnover Historical Data

The historical data trend for Wetteri 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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Wetteri Oyj Receivables Turnover Chart

Wetteri Oyj Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.67

12.05

20.06

23.41

Wetteri Oyj Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															4.50	5.84	4.62	4.82	5.23

Competitive Comparison of Wetteri Oyj's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Wetteri 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.

Wetteri Oyj's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Wetteri Oyj's Receivables Turnover distribution charts can be found below:

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

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Wetteri Oyj Receivables Turnover Calculation

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

Wetteri 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 )
=	447.293	/ (	(20.874	+	17.341)	/	2 )
=	447.293	/	19.1075
=	23.41

Wetteri 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 )
=	101.184	/ (	(21.365	+	17.341)	/	2 )
=	101.184	/	19.353
=	5.23

Wetteri Oyj (OHEL:WETTERI) 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.

Wetteri Oyj Receivables Turnover Related Terms

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Wetteri Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wetteri Oyj (OHEL:WETTERI) » Definitions » Receivables Turnover

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0G2O:UK

Address

Aimakuja 2-3, Oulu, FIN, 90400

Website

https://www.sijoittajat.wetteri.fi

Wetteri Oyj is an entrepreneur-led growth company in the automotive industry. In addition to the retail trade of passenger, utility and heavy-duty vehicles, the company produces maintenance and damage repair services from passenger cars to heavy equipment. The company has three operating segments: Passenger Cars; Heavy equipment and Maintenance Service. It derives majority revenue from Passenger Cars segments. Geographically, the company operates in Finland, Sweden, Rest of Europe and Rest of the world, out of which Finland derives key revenue.

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