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Kongsberg Automotive Holdings ASA (OSL:KOA) Receivables Turnover : 1.15 (As of Sep. 2024)


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What is Kongsberg Automotive Holdings 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. Kongsberg Automotive Holdings ASA's Revenue for the three months ended in Sep. 2024 was kr2,141 Mil. Kongsberg Automotive Holdings ASA's average Accounts Receivable for the three months ended in Sep. 2024 was kr1,861 Mil. Hence, Kongsberg Automotive Holdings ASA's Receivables Turnover for the three months ended in Sep. 2024 was 1.15.


Kongsberg Automotive Holdings ASA Receivables Turnover Historical Data

The historical data trend for Kongsberg Automotive Holdings 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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Kongsberg Automotive Holdings ASA Receivables Turnover Chart

Kongsberg Automotive Holdings ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.49 3.10 3.47 4.64 5.65

Kongsberg Automotive Holdings ASA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.17 1.23 1.27 1.21 1.15

Competitive Comparison of Kongsberg Automotive Holdings ASA's Receivables Turnover

For the Auto Parts subindustry, Kongsberg Automotive Holdings 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.


Kongsberg Automotive Holdings ASA's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Kongsberg Automotive Holdings ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kongsberg Automotive Holdings ASA's Receivables Turnover falls into.



Kongsberg Automotive Holdings ASA Receivables Turnover Calculation

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

Kongsberg Automotive Holdings 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 )
=10180.113 / ((1742.624 + 1857.937) / 2 )
=10180.113 / 1800.2805
=5.65

Kongsberg Automotive Holdings ASA's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=2141.026 / ((1963.106 + 1759.037) / 2 )
=2141.026 / 1861.0715
=1.15

* 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.


Kongsberg Automotive Holdings ASA  (OSL:KOA) 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.


Kongsberg Automotive Holdings ASA Receivables Turnover Related Terms

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Kongsberg Automotive Holdings ASA Business Description

Traded in Other Exchanges
Address
Europaallee 39, Zurich, CHE, 8004
Kongsberg Automotive Holdings ASA is a Norway-based company that develops, manufactures and sells products to the automotive industry. The company has organized its businesses into two segments, namely Powertrain and Chassis Products and Specialty Products. The Powertrain and Chassis Products business segment derives maximum revenue and is comprised of the Driveline and On-Highway business units, while the business units under the Specialty Products business segment are Couplings, Fluid Transfer Systems (FTS), and Off-Highway.

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