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Sildarvinnslan HF (OISE:SVN) Receivables Turnover : 1.99 (As of Dec. 2023)


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What is Sildarvinnslan 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. Sildarvinnslan HF's Revenue for the three months ended in Dec. 2023 was kr12,004 Mil. Sildarvinnslan HF's average Accounts Receivable for the three months ended in Dec. 2023 was kr6,047 Mil. Hence, Sildarvinnslan HF's Receivables Turnover for the three months ended in Dec. 2023 was 1.99.


Sildarvinnslan HF Receivables Turnover Historical Data

The historical data trend for Sildarvinnslan 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.

* Premium members only.

Sildarvinnslan HF Receivables Turnover Chart

Sildarvinnslan HF Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 12.09 7.44 6.15 7.52 10.87

Sildarvinnslan HF Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.68 2.98 1.90 2.48 1.99

Competitive Comparison of Sildarvinnslan HF's Receivables Turnover

For the Farm Products subindustry, Sildarvinnslan 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.


Sildarvinnslan HF's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sildarvinnslan HF's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sildarvinnslan HF's Receivables Turnover falls into.



Sildarvinnslan HF Receivables Turnover Calculation

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

Sildarvinnslan 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 )
=56308.537 / ((5436.19 + 4928.342) / 2 )
=56308.537 / 5182.266
=10.87

Sildarvinnslan HF's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=12004.2 / ((7164.797 + 4928.342) / 2 )
=12004.2 / 6046.5695
=1.99

* 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.


Sildarvinnslan HF  (OISE:SVN) 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.


Sildarvinnslan HF Receivables Turnover Related Terms

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Sildarvinnslan HF (OISE:SVN) Business Description

Traded in Other Exchanges
N/A
Address
Hafnarbraut 6, Fjaroabyggo, ISL, 740
Sildarvinnslan HF is the largest and most powerful fishery company. It is the most active in Iceland in the field of fishing and processing of pelagic species and the largest producer of fishmeal and fish oil.

Sildarvinnslan HF (OISE:SVN) Headlines

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