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Siminn hf (OISE:SIMINN) Receivables Turnover : 2.85 (As of Mar. 2025)


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What is Siminn 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. Siminn hf's Revenue for the three months ended in Mar. 2025 was kr7,003 Mil. Siminn hf's average Accounts Receivable for the three months ended in Mar. 2025 was kr2,453 Mil. Hence, Siminn hf's Receivables Turnover for the three months ended in Mar. 2025 was 2.85.


Siminn hf Receivables Turnover Historical Data

The historical data trend for Siminn 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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Siminn hf Receivables Turnover Chart

Siminn hf 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 6.38 8.93 11.19 11.59 11.37

Siminn hf Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.68 2.80 2.88 2.96 2.85

Competitive Comparison of Siminn hf's Receivables Turnover

For the Telecom Services subindustry, Siminn 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.


Siminn hf's Receivables Turnover Distribution in the Telecommunication Services Industry

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

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


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Siminn hf Receivables Turnover Calculation

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

Siminn hf'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 )
=27189 / ((2279 + 2503) / 2 )
=27189 / 2391
=11.37

Siminn hf's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=7003 / ((2503 + 2403) / 2 )
=7003 / 2453
=2.85

* 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.


Siminn hf  (OISE:SIMINN) 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.


Siminn hf Receivables Turnover Related Terms

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Siminn hf Business Description

Traded in Other Exchanges
N/A
Address
Armula 25, Reykjavik, ISL, 108
Siminn hf is an Iceland-based telecommunications company engaged in offering communication services. The operating segments of the company are Mobile, Internet, and Network; TV; Equipment sales; and Others. It derives a majority of the revenue from the Internet and Network segment, which involves revenue from data service, including xDSL service, GPON, Internet, IP net, core network, local loop, and access network. The Mobile segment involves revenue from mobile services in Iceland and abroad, whether traditional GSM service, satellite service, wholesale mobile service, or other mobile services.

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