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Biofish Holding AS (OSL:BFISH) Receivables Turnover : 2.72 (As of Mar. 2024)


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What is Biofish Holding AS 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. Biofish Holding AS's Revenue for the three months ended in Mar. 2024 was kr17.19 Mil. Biofish Holding AS's average Accounts Receivable for the three months ended in Mar. 2024 was kr6.31 Mil. Hence, Biofish Holding AS's Receivables Turnover for the three months ended in Mar. 2024 was 2.72.


Biofish Holding AS Receivables Turnover Historical Data

The historical data trend for Biofish Holding AS'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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Biofish Holding AS Receivables Turnover Chart

Biofish Holding AS Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 14.72 13.04 4.37 7.88 953.68

Biofish Holding AS Quarterly Data
Dec17 Dec18 Dec19 Dec20 Jun21 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 1.46 - 9.53 - 2.72

Competitive Comparison of Biofish Holding AS's Receivables Turnover

For the Farm Products subindustry, Biofish Holding AS'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.


Biofish Holding AS's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Biofish Holding AS's Receivables Turnover falls into.



Biofish Holding AS Receivables Turnover Calculation

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

Biofish Holding AS'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 )
=47.684 / ((0.05 + 0) / 1 )
=47.684 / 0.05
=953.68

Biofish Holding AS'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 )
=17.189 / ((0 + 6.314) / 1 )
=17.189 / 6.314
=2.72

* 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.


Biofish Holding AS  (OSL:BFISH) 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.


Biofish Holding AS Receivables Turnover Related Terms

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Biofish Holding AS (OSL:BFISH) Business Description

Traded in Other Exchanges
N/A
Address
Tangavegen 19, Torvikbygd, NOR, 5620
Biofish Holding AS is a independent smolt producer located in Torvikbygd.

Biofish Holding AS (OSL:BFISH) Headlines

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