Okeanis Eco Tankers (OSL:OET) Receivables Turnover : 2.45 (As of Mar. 2024)

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What is Okeanis Eco Tankers 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. Okeanis Eco Tankers's Revenue for the three months ended in Mar. 2024 was kr1,179 Mil. Okeanis Eco Tankers's average Accounts Receivable for the three months ended in Mar. 2024 was kr480 Mil. Hence, Okeanis Eco Tankers's Receivables Turnover for the three months ended in Mar. 2024 was 2.45.

Okeanis Eco Tankers Receivables Turnover Historical Data

The historical data trend for Okeanis Eco Tankers'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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Okeanis Eco Tankers Receivables Turnover Chart

Okeanis Eco Tankers Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.94

16.87

15.62

9.61

7.96

Okeanis Eco Tankers Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.90	2.52	1.76	1.96	2.45

Competitive Comparison of Okeanis Eco Tankers's Receivables Turnover

For the Marine Shipping subindustry, Okeanis Eco Tankers'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.

Okeanis Eco Tankers's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Okeanis Eco Tankers's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Okeanis Eco Tankers's Receivables Turnover falls into.

Okeanis Eco Tankers Receivables Turnover Calculation

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

Okeanis Eco Tankers'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 )
=	4357.925	/ (	(490.349	+	604.86)	/	2 )
=	4357.925	/	547.6045
=	7.96

Okeanis Eco Tankers's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1179.248	/ (	(604.86	+	356.11)	/	2 )
=	1179.248	/	480.485
=	2.45

Okeanis Eco Tankers (OSL:OET) 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.

Okeanis Eco Tankers Receivables Turnover Related Terms

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Okeanis Eco Tankers (OSL:OET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okeanis Eco Tankers Corp (OSL:OET) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ECO:USA OETo:Sweden OETo:UK 7OK:Germany

Address

Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547

Website

https://www.okeanisecotankers.com

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.

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