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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. HAV Group ASA's Revenue for the
three
months ended in Mar. 2026 was kr233.1 Mil. HAV Group ASA's average Accounts Receivable for the
three
months ended in Mar. 2026 was kr296.3 Mil.
Hence, HAV Group ASA's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.79.
HAV Group ASA (OSL:HAV) 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.
HAV Group ASA Receivables Turnover Related Terms
HAV Group ASA Receivables Turnover Historical Data
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The historical data trend for HAV Group 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.
HAV Group ASA Receivables Turnover Competitor Comparison
For the Marine Shipping subindustry, HAV Group 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.
HAV Group ASA Receivables Turnover vs Transportation Industry
For the Transportation industry and Industrials sector, HAV Group ASA's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where HAV Group ASA's Receivables Turnover falls into.
* 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.
HAV Group ASA (OSL:HAV) has a Receivables Turnover of 0.79 as of Mar. 2026. The accounts 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. View historical data on HAV Group ASA and its competitors. According to the industry distribution chart, HAV Group ASA ranks #826 out of 999 companies in the Transportation industry, placing it in the top 82.7%.
Is HAV Group ASA's Receivables Turnover too high?
HAV Group ASA's current Receivables Turnover is 0.79. The Transportation industry median Receivables Turnover is 7.73. HAV Group ASA's value of 0.79 is 89.8% below this industry median. Based on the distribution chart, HAV Group ASA ranks #826 out of 999 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, HAV Group ASA has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HAV Group ASA's Receivables Turnover compare to competitors?
According to the Transportation industry distribution chart, HAV Group ASA ranks #826 out of 999 companies for Receivables Turnover. This places HAV Group ASA in the lower half of its industry. The industry median Receivables Turnover is 7.73. HAV Group ASA's value of 0.79 is 89.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Transportation company?
The median Receivables Turnover among Transportation companies is 7.73, based on 999 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HAV Group ASA's current Receivables Turnover of 0.79 is 89.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on HAV Group ASA and its competitors. For the Transportation industry, the median Receivables Turnover is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAV Group ASA's current Receivables Turnover is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAV Group ASA stock overvalued right now?
Based on GuruFocus' analysis, HAV Group ASA (OSL:HAV) is currently considered Fairly Valued. The stock's GF Value™ is kr12.51, compared to a current price of kr13.50 — trading 7.9% above its estimated fair value. The current Receivables Turnover is 0.79 and 89.8% below the Transportation industry median of 7.73. HAV Group ASA's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For HAV Group ASA (OSL:HAV), the current Receivables Turnover is 0.79 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is HAV Group ASA (OSL:HAV) Overvalued in 2026?
Based on GuruFocus' analysis, HAV Group ASA stock appears to be overvalued.
The current stock price of kr13.50 is trading 7.9% above its estimated GF Value™ of kr12.51.
GuruFocus considers HAV Group ASA to be Fairly Valued.
Key valuation signals for OSL:HAV:
Receivables Turnover: 0.79
GF Value™: kr12.51 vs. price of kr13.50 (7.9% above fair value)
Industry Position: 89.8% below the Transportation median (#826 of 999)
No single metric tells the full story. See the OSL:HAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. The Group's main activities are: HAV Design, i.e., providing ship design and system packages for offshore, transport, and fishing vessels; Norwegian Electric Systems, i.e., specializing in design, engineering, and installation of electric systems and delivery of control and automation systems for ships; Norwegian Greentech, i.e., specializing in the delivery of ballast water treatment systems. HAV Hydrogen, i.e., delivers complete and scalable hydrogen systems that are designed for operation in heavy seas. Other/Elimination includes intercompany and the mother company.
64GF Score
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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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