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Icelandiclmon AS (OSL:ISLAX) Receivables Turnover : 13.12 (As of Dec. 2023)


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What is Icelandiclmon 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. Icelandiclmon AS's Revenue for the six months ended in Dec. 2023 was kr1,073 Mil. Icelandiclmon AS's average Accounts Receivable for the six months ended in Dec. 2023 was kr82 Mil. Hence, Icelandiclmon AS's Receivables Turnover for the six months ended in Dec. 2023 was 13.12.


Icelandiclmon AS Receivables Turnover Historical Data

The historical data trend for Icelandiclmon 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.

* Premium members only.

Icelandiclmon AS Receivables Turnover Chart

Icelandiclmon AS Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 12.26 10.95 13.24 14.24 12.28

Icelandiclmon AS Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 9.48 10.13 7.79 9.89 13.12

Competitive Comparison of Icelandiclmon AS's Receivables Turnover

For the Farm Products subindustry, Icelandiclmon 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.


Icelandiclmon AS's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Icelandiclmon AS's Receivables Turnover distribution charts can be found below:

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



Icelandiclmon AS Receivables Turnover Calculation

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

Icelandiclmon AS'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 )
=1896.085 / ((157.265 + 151.534) / 2 )
=1896.085 / 154.3995
=12.28

Icelandiclmon AS's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=1072.576 / ((11.99 + 151.534) / 2 )
=1072.576 / 81.762
=13.12

* 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.


Icelandiclmon AS  (OSL:ISLAX) 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.


Icelandiclmon AS Receivables Turnover Related Terms

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Icelandiclmon AS (OSL:ISLAX) Business Description

Traded in Other Exchanges
Address
Industriveien 51, Kverva, NOR, 7266
Icelandic Salmon AS is an aquaculture company in Iceland. It is engaged in the production, processing, and sale of high-quality Icelandic salmon. Geographically, it derives a majority of revenue from Europe excluding Norway.

Icelandiclmon AS (OSL:ISLAX) Headlines

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