Odfjell SE (OSL:ODF) Receivables Turnover : 2.13 (As of Sep. 2024)

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What is Odfjell SE 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. Odfjell SE's Revenue for the three months ended in Sep. 2024 was kr3,246 Mil. Odfjell SE's average Accounts Receivable for the three months ended in Sep. 2024 was kr1,528 Mil. Hence, Odfjell SE's Receivables Turnover for the three months ended in Sep. 2024 was 2.13.

Odfjell SE Receivables Turnover Historical Data

The historical data trend for Odfjell SE'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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Odfjell SE Receivables Turnover Chart

Odfjell SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.97

15.70

14.19

13.13

10.19

Odfjell SE 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															2.20	2.18	2.33	2.33	2.13

Competitive Comparison of Odfjell SE's Receivables Turnover

For the Marine Shipping subindustry, Odfjell SE'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.

Odfjell SE's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Odfjell SE's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Odfjell SE's Receivables Turnover falls into.

Odfjell SE Receivables Turnover Calculation

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

Odfjell SE'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 )
=	12595.762	/ (	(1164.083	+	1307.028)	/	2 )
=	12595.762	/	1235.5555
=	10.19

Odfjell SE'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 )
=	3246.267	/ (	(1537.11	+	1517.97)	/	2 )
=	3246.267	/	1527.54
=	2.13

Odfjell SE (OSL:ODF) 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.

Odfjell SE Receivables Turnover Related Terms

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Odfjell SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Odfjell SE (OSL:ODF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ODFO:Sweden ODFBO:Sweden ODFB:Norway 0J78:UK 0J77:UK O7F:Germany

Address

Conrad Mohrs veg 29, P.O. Box 6101, Postterminalen, Bergen, NOR, 5892

Website

https://www.odfjell.com

Odfjell SE is a company engaged in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other specialty products. It also owns and operates chemical tankers and tank terminals. The Company has two reportable operating segments: The Chemical Tankers involve a round-the-world service, servicing ports in Europe, North, and South America, the Middle East and Asia, Australia, and Africa, and The Tank Terminals segment offers storage of various chemical and petroleum products. It operates through various geographical regions which include North and South America, Norway, Netherlands, Australasia, Africa Middle East, and Asia, and derives a major revenue from the Middle East and Asia. The company generates the majority of its revenue from the Chemical Tankers segment.

Odfjell SE Headlines

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