Nova Klubburinn hf (OISE:NOVA) Receivables Turnover : 2.70 (As of Mar. 2024)

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What is Nova Klubburinn hf 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. Nova Klubburinn hf's Revenue for the three months ended in Mar. 2024 was kr3,168 Mil. Nova Klubburinn hf's average Accounts Receivable for the three months ended in Mar. 2024 was kr1,172 Mil. Hence, Nova Klubburinn hf's Receivables Turnover for the three months ended in Mar. 2024 was 2.70.

Nova Klubburinn hf Receivables Turnover Historical Data

The historical data trend for Nova Klubburinn 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.

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Nova Klubburinn hf Receivables Turnover Chart

Nova Klubburinn hf Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

8.76

9.64

10.86

11.34

11.31

Nova Klubburinn hf Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial										2.70	2.81	2.94	2.96	2.70

Competitive Comparison of Nova Klubburinn hf's Receivables Turnover

For the Telecom Services subindustry, Nova Klubburinn 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.

Nova Klubburinn hf's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Nova Klubburinn hf's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nova Klubburinn hf's Receivables Turnover falls into.

Nova Klubburinn hf Receivables Turnover Calculation

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

Nova Klubburinn hf'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 )
=	12837.538	/ (	(1145.052	+	1124.554)	/	2 )
=	12837.538	/	1134.803
=	11.31

Nova Klubburinn hf'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 )
=	3167.634	/ (	(1124.554	+	1219.799)	/	2 )
=	3167.634	/	1172.1765
=	2.70

Nova Klubburinn hf (OISE:NOVA) 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.

Nova Klubburinn hf Receivables Turnover Related Terms

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Nova Klubburinn hf (OISE:NOVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Nova Klubburinn hf (OISE:NOVA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lágmúli 9, Reykjavík, ISL, 108

Website

https://www.nova.is

Nova Klubburinn hf a full-service telecommunications company operating in Iceland. Nova's customers are individuals and small and medium sized corporations. It operates through three key business areas: mobile network, Fixed network and Goods sold and Others.