Everfuel AS (OSL:EFUEL) Receivables Turnover : 0.34 (As of Jun. 2024)

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What is Everfuel 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. Everfuel AS's Revenue for the three months ended in Jun. 2024 was kr9.53 Mil. Everfuel AS's average Accounts Receivable for the three months ended in Jun. 2024 was kr28.15 Mil. Hence, Everfuel AS's Receivables Turnover for the three months ended in Jun. 2024 was 0.34.

Everfuel AS Receivables Turnover Historical Data

The historical data trend for Everfuel 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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Everfuel AS Receivables Turnover Chart

Everfuel AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.35

2.08

8.69

10.34

Everfuel AS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.23	1.19	0.74	0.98	0.34

Competitive Comparison of Everfuel AS's Receivables Turnover

For the Specialty Chemicals subindustry, Everfuel 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.

Everfuel AS's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Everfuel AS's Receivables Turnover distribution charts can be found below:

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

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Everfuel AS Receivables Turnover Calculation

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

Everfuel AS's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	68.335	/ (	(6.426	+	6.788)	/	2 )
=	68.335	/	6.607
=	10.34

Everfuel AS's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	9.53	/ (	(21.72	+	34.577)	/	2 )
=	9.53	/	28.1485
=	0.34

Everfuel AS (OSL:EFUEL) 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.

Everfuel AS Receivables Turnover Related Terms

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Everfuel AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Everfuel AS (OSL:EFUEL) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Ost Hogildvej 4A, Herning, DNK, 7400

Website

https://www.everfuel.com

Everfuel AS owns and operates green hydrogen infrastructure and partners with vehicle OEMs to connect the entire hydrogen value chain and provide hydrogen fuel to enterprise customers under long-term contracts. The company operates hydrogen production (electrolyzers), hydrogen distribution, and hydrogen stations, serving mobility customers and industrial stakeholders with hydrogen on competitive, commercial terms. It offers all-inclusive hydrogen fueling solutions to buses, trucks, and taxis and delivery to vans, trains, private cars, and marine, as well as for industry stakeholders working with alternative hydrogen-based green fuels and Power to X-products.

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