Hermana Holding ASA (OSL:HERMA) Receivables Turnover : 0.05 (As of Jun. 2024)

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What is Hermana Holding 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. Hermana Holding ASA's Revenue for the six months ended in Jun. 2024 was kr4.50 Mil. Hermana Holding ASA's average Accounts Receivable for the six months ended in Jun. 2024 was kr93.00 Mil. Hence, Hermana Holding ASA's Receivables Turnover for the six months ended in Jun. 2024 was 0.05.

Hermana Holding ASA Receivables Turnover Historical Data

The historical data trend for Hermana Holding 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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Hermana Holding ASA Receivables Turnover Chart

Hermana Holding ASA Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

Hermana Holding ASA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	-	-	-	-	0.05

Competitive Comparison of Hermana Holding ASA's Receivables Turnover

For the Asset Management subindustry, Hermana Holding 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.

Hermana Holding ASA's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hermana Holding ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hermana Holding ASA's Receivables Turnover falls into.

Hermana Holding ASA Receivables Turnover Calculation

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

Hermana Holding 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 )
=	10.3	/ (	(0	+	0)	/	1 )
=	10.3	/	0
=	N/A

Hermana Holding ASA's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	4.5	/ (	(0	+	93)	/	1 )
=	4.5	/	93
=	0.05

Hermana Holding ASA (OSL:HERMA) 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.

Hermana Holding ASA Receivables Turnover Related Terms

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Hermana Holding ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hermana Holding ASA (OSL:HERMA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

OF30:Germany

Address

Karenslyst alle 6, Oslo, NOR, 0278

Website

https://www.hermanaholding.com

Hermana Holding ASA is a Norway-based company. The Company's principal business is to hold, manage and operate certain Royalties, and its business scope is defined as acquiring and owning shares or interests in other companies, trading in financial instruments (particularly Royalties or Streams) as well as closely related instruments/concepts. The Company aims to expand its Royalty business model, assessing opportunities to secure a share of an asset's future revenue stream.

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