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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. Icelandair Group hf's Revenue for the
three
months ended in Jun. 2026 was kr61,092 Mil. Icelandair Group hf's average Accounts Receivable for the
three
months ended in Jun. 2026 was kr33,150 Mil.
Hence, Icelandair Group hf's Receivables Turnover for the
three
months ended in Jun. 2026 was 1.84.
Icelandair Group hf (OISE:ICEAIR) 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.
Icelandair Group hf Receivables Turnover Related Terms
Icelandair Group hf Receivables Turnover Historical Data
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The historical data trend for Icelandair Group hf'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.
OISE:ICEAIR vs DAL, UAL, LUV: Receivables Turnover Comparison
For the Airlines subindustry, Icelandair Group hf'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.
Icelandair Group hf Receivables Turnover vs Transportation Industry
For the Transportation industry and Industrials sector, Icelandair Group hf's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Icelandair Group hf's Receivables Turnover falls into.
* 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.
Icelandair Group hf (OISE:ICEAIR) has a Receivables Turnover of 1.84 as of Jun. 2026. The accounts 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. View historical data on Icelandair Group hf and its competitors. According to the industry distribution chart, Icelandair Group hf ranks #423 out of 999 companies in the Transportation industry, placing it in the top 42.3%.
Is Icelandair Group hf's Receivables Turnover too high?
Icelandair Group hf's current Receivables Turnover is 1.84. The Transportation industry median Receivables Turnover is 7.73. Icelandair Group hf's value of 1.84 is 76.2% below this industry median. Based on the distribution chart, Icelandair Group hf ranks #423 out of 999 companies in the Transportation industry, which is above the industry midpoint. Overall, Icelandair Group hf has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Icelandair Group hf's Receivables Turnover compare to DAL and UAL?
According to the Transportation industry distribution chart, Icelandair Group hf ranks #423 out of 999 companies for Receivables Turnover. This puts Icelandair Group hf in the upper half of its industry. The industry median Receivables Turnover is 7.73. Icelandair Group hf's value of 1.84 is 76.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Transportation company?
The median Receivables Turnover among Transportation companies is 7.73, based on 999 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Icelandair Group hf's current Receivables Turnover of 1.84 is 76.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Icelandair Group hf and its competitors. For the Transportation industry, the median Receivables Turnover is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icelandair Group hf's current Receivables Turnover is 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icelandair Group hf stock overvalued right now?
Based on GuruFocus' analysis, Icelandair Group hf (OISE:ICEAIR) is currently considered Possible Value Trap. The stock's GF Value™ is kr1.32, compared to a current price of kr0.72 — trading 45.6% below its estimated fair value. The current Receivables Turnover is 1.84 and 76.2% below the Transportation industry median of 7.73. Icelandair Group hf's overall GF Score™ is 55/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Icelandair Group hf (OISE:ICEAIR), the current Receivables Turnover is 1.84 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Icelandair Group hf (OISE:ICEAIR) Overvalued in 2026?
Based on GuruFocus' analysis, Icelandair Group hf stock appears to be undervalued.
The current stock price of kr0.72 is trading 45.6% below its estimated GF Value™ of kr1.32.
GuruFocus considers Icelandair Group hf to be Possible Value Trap.
Key valuation signals for OISE:ICEAIR:
Receivables Turnover: 1.84
GF Value™: kr1.32 vs. price of kr0.72 (45.6% below fair value)
Industry Position: 76.2% below the Transportation median (#423 of 999)
No single metric tells the full story. See the OISE:ICEAIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Icelandair Group hf operates in the international airline sector. Its segment is the Route network, which generates maximum revenue and provides passenger air travel to, from, via, and within Iceland. The Cargo operation offers air-freight services to, from, via, and within Iceland by utilizing capacity within the aircraft of the Icelandair passenger network as well as its own freighter and The Leasing operation, provided by Loftleioir-Icelandic ehf., offers aircraft leasing and consulting services to international passenger airlines and tour operators. The Group operates in North America, which generates maximum revenue, as well as Europe, Iceland, and other regions.
55GF Score
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