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Eimskipafelag Islands ehf (OISE:EIM) Receivables Turnover : 1.68 (As of Mar. 2024)


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What is Eimskipafelag Islands ehf 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. Eimskipafelag Islands ehf's Revenue for the three months ended in Mar. 2024 was kr29,636 Mil. Eimskipafelag Islands ehf's average Accounts Receivable for the three months ended in Mar. 2024 was kr17,611 Mil. Hence, Eimskipafelag Islands ehf's Receivables Turnover for the three months ended in Mar. 2024 was 1.68.

Eimskipafelag Islands ehf Receivables Turnover Historical Data

The historical data trend for Eimskipafelag Islands ehf'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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Eimskipafelag Islands ehf Receivables Turnover Chart

Eimskipafelag Islands ehf Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.09 6.59 7.19 7.68 6.82

Eimskipafelag Islands ehf Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.67 1.58 1.52 1.76 1.68

Competitive Comparison of Eimskipafelag Islands ehf's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Eimskipafelag Islands ehf'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.

Eimskipafelag Islands ehf's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Eimskipafelag Islands ehf's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eimskipafelag Islands ehf's Receivables Turnover falls into.


Eimskipafelag Islands ehf Receivables Turnover Calculation

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

Eimskipafelag Islands ehf's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=125600.502 / ((19845.959 + 16979.489) / 2 )
=125600.502 / 18412.724
=6.82

Eimskipafelag Islands ehf's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=29635.782 / ((16979.489 + 18241.943) / 2 )
=29635.782 / 17610.716
=1.68

* 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.

Eimskipafelag Islands ehf  (OISE:EIM) 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.

Eimskipafelag Islands ehf Receivables Turnover Related Terms

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Eimskipafelag Islands ehf (OISE:EIM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Eimskipafelag Islands ehf (OISE:EIM) » Definitions » Receivables Turnover
Comparable Companies
OTSE:TSM1T OTSE:MAGIC OTSE:TVE1T OTSE:PKG1T OTSE:TKM1T OTSE:EEG1T OTSE:HPR1T OTSE:CPA1T OTSE:MRK1T OTSE:SFG1T UPS FDX XTER:DHL OCSE:DSV XSWX:KNIN SZSE:002352 JBHT EXPD ZTO HKSE:01519
Traded in Other Exchanges
N/A
Address
Sundabakki 2, Reykjavík, ISL, 104
Website
https://www.eimskip.com
Eimskipafelag Islands ehf Formerly Eimpskipafelag Islands provides shipping, logistics, supply chain services. The company's operations are divided into two market segments namely Liner services and Forwarding services. The liner services segment includes operations such as port operations, cold storage facilities, warehousing, trucking and distribution, air freight and agency services in Iceland and Norway. The forwarding services segment includes reefer forwarding, a system based on a network of own offices, association with deep-sea lines and associates. The company earns the majority of its revenues from Iceland, the Faroe Islands, and Asia.