Norcod AS (OSL:NCOD) Receivables Turnover : 7.37 (As of Dec. 2024)

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What is Norcod 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. Norcod AS's Revenue for the three months ended in Dec. 2024 was kr123.7 Mil. Norcod AS's average Accounts Receivable for the three months ended in Dec. 2024 was kr16.8 Mil. Hence, Norcod AS's Receivables Turnover for the three months ended in Dec. 2024 was 7.37.

Norcod AS Receivables Turnover Historical Data

The historical data trend for Norcod 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.

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Norcod AS Receivables Turnover Chart

Norcod AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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0.29

1.57

3.56

5.81

12.78

Norcod AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.12	2.46	2.04	2.65	7.37

Competitive Comparison of Norcod AS's Receivables Turnover

For the Farm Products subindustry, Norcod 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.

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

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

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

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Norcod AS Receivables Turnover Calculation

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

Norcod AS's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	397.183	/ (	(46.344	+	15.834)	/	2 )
=	397.183	/	31.089
=	12.78

Norcod AS's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	123.721	/ (	(17.754	+	15.834)	/	2 )
=	123.721	/	16.794
=	7.37

Norcod AS (OSL:NCOD) 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.

Norcod AS Receivables Turnover Related Terms

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Norcod AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Norcod AS (OSL:NCOD) » Definitions » Receivables Turnover

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NO9:Germany

Address

Thomas Angells Gate 22, Trondheim, NOR, 7011

Website

https://www.norcod.no

Norcod AS is engaged in the business of commercial farming and selling Atlantic cod in marine facilities. The company serves customers worldwide. Its production is based in its natural cold-water habitat along the coast of Central and Northern Norway. The company's operating revenue is derived mainly from the sale of cod.

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