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SmartCraft ASA (OSL:SMCRT) Receivables Turnover : 2.26 (As of Mar. 2025)


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What is SmartCraft 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. SmartCraft ASA's Revenue for the three months ended in Mar. 2025 was kr137.0 Mil. SmartCraft ASA's average Accounts Receivable for the three months ended in Mar. 2025 was kr60.7 Mil. Hence, SmartCraft ASA's Receivables Turnover for the three months ended in Mar. 2025 was 2.26.


SmartCraft ASA Receivables Turnover Historical Data

The historical data trend for SmartCraft 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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SmartCraft ASA Receivables Turnover Chart

SmartCraft ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial 13.29 13.20 12.34 8.54 7.73

SmartCraft ASA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.97 2.52 2.22 2.14 2.26

Competitive Comparison of SmartCraft ASA's Receivables Turnover

For the Software - Application subindustry, SmartCraft 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.


SmartCraft ASA's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, SmartCraft ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SmartCraft ASA's Receivables Turnover falls into.


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SmartCraft ASA Receivables Turnover Calculation

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

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

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=510.763 / ((64.612 + 67.611) / 2 )
=510.763 / 66.1115
=7.73

SmartCraft ASA's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=136.961 / ((67.611 + 53.745) / 2 )
=136.961 / 60.678
=2.26

* 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.


SmartCraft ASA  (OSL:SMCRT) 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.


SmartCraft ASA Receivables Turnover Related Terms

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SmartCraft ASA Business Description

Traded in Other Exchanges
Address
Strandgata 3, Honefoss, NOR, 3513
SmartCraft ASA is a software company that provides modern SaaS solutions to help craftsmen and construction companies become more efficient and profitable. Geographically, it operates in Norway, Sweden, Finland, and UK.

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