Cavendish Hydrogen ASA (OSL:CAVEN) Receivables Turnover : 1.17 (As of Dec. 2024)

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What is Cavendish Hydrogen ASA 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. Cavendish Hydrogen ASA's Revenue for the three months ended in Dec. 2024 was kr75.2 Mil. Cavendish Hydrogen ASA's average Accounts Receivable for the three months ended in Dec. 2024 was kr64.2 Mil. Hence, Cavendish Hydrogen ASA's Receivables Turnover for the three months ended in Dec. 2024 was 1.17.

Cavendish Hydrogen ASA Receivables Turnover Historical Data

The historical data trend for Cavendish Hydrogen ASA'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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Cavendish Hydrogen ASA Receivables Turnover Chart

Cavendish Hydrogen ASA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

3.79

1.22

1.85

4.18

Cavendish Hydrogen ASA Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial						0.81	1.14	1.36	0.91	1.17

Competitive Comparison of Cavendish Hydrogen ASA's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Cavendish Hydrogen ASA'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.

Cavendish Hydrogen ASA's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cavendish Hydrogen ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cavendish Hydrogen ASA's Receivables Turnover falls into.

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Cavendish Hydrogen ASA Receivables Turnover Calculation

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

Cavendish Hydrogen ASA'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 )
=	364.222	/ (	(117.827	+	56.396)	/	2 )
=	364.222	/	87.1115
=	4.18

Cavendish Hydrogen ASA's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	75.194	/ (	(71.918	+	56.396)	/	2 )
=	75.194	/	64.157
=	1.17

Cavendish Hydrogen ASA (OSL:CAVEN) 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.

Cavendish Hydrogen ASA Receivables Turnover Related Terms

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Cavendish Hydrogen ASA Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

V07:Germany

Address

Vejlevej 5, Herning, DNK, 7400

Website

https://www.cavendishh2.com

Cavendish Hydrogen ASA is engaged in developing hydrogen fueling solutions for road-going vehicles. It aims to deliver hydrogen fueling solutions that are safer, faster, and more reliable than any alternative - all while reducing emissions and setting a new standard for fueling heavy-duty vehicles - with reliable fueling solutions.

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