HAV Group ASA (OSL:HAV) Receivables Turnover : 1.18 (As of Mar. 2024)

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What is HAV Group 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. HAV Group ASA's Revenue for the three months ended in Mar. 2024 was kr127.1 Mil. HAV Group ASA's average Accounts Receivable for the three months ended in Mar. 2024 was kr107.2 Mil. Hence, HAV Group ASA's Receivables Turnover for the three months ended in Mar. 2024 was 1.18.

HAV Group ASA Receivables Turnover Historical Data

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.

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HAV Group ASA Receivables Turnover Chart

HAV Group ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.56

9.33

13.99

7.40

8.90

HAV Group ASA Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.48	2.24	2.32	2.07	1.18

Competitive Comparison of HAV Group ASA's Receivables Turnover

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's Receivables Turnover Distribution in the 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.

HAV Group ASA Receivables Turnover Calculation

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

HAV Group ASA'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 )
=	617.101	/ (	(82.632	+	55.979)	/	2 )
=	617.101	/	69.3055
=	8.90

HAV Group ASA'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 )
=	127.069	/ (	(55.979	+	158.518)	/	2 )
=	127.069	/	107.2485
=	1.18

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

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HAV Group ASA (OSL:HAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » HAV Group ASA (OSL:HAV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

6HH:Germany

Address

Holmefjordvegen 1, Fosnavag, NOR, 6090

Website

https://www.havgroup.no

HAV Group ASA is a provider of solutions and technology to the global marine and maritime industries. The group's vision is to contribute to the green shift through innovative solutions and high-end products for the ocean industries. It offers ship design, shipbuilding technology, ship equipment and systems, and service to sailing ships worldwide.

HAV Group ASA (OSL:HAV) Headlines

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