StrongPoint ASA (OSL:STRO) Receivables Turnover : 1.48 (As of Mar. 2024)

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What is StrongPoint 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. StrongPoint ASA's Revenue for the three months ended in Mar. 2024 was kr359 Mil. StrongPoint ASA's average Accounts Receivable for the three months ended in Mar. 2024 was kr242 Mil. Hence, StrongPoint ASA's Receivables Turnover for the three months ended in Mar. 2024 was 1.48.

StrongPoint ASA Receivables Turnover Historical Data

The historical data trend for StrongPoint 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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StrongPoint ASA Receivables Turnover Chart

StrongPoint ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.19

4.74

5.00

6.10

5.21

StrongPoint ASA 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															1.32	1.26	1.25	1.38	1.48

Competitive Comparison of StrongPoint ASA's Receivables Turnover

For the Business Equipment & Supplies subindustry, StrongPoint 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.

StrongPoint ASA's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, StrongPoint ASA's Receivables Turnover distribution charts can be found below:

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

StrongPoint ASA Receivables Turnover Calculation

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

StrongPoint 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 )
=	1342.398	/ (	(274.348	+	240.79)	/	2 )
=	1342.398	/	257.569
=	5.21

StrongPoint ASA'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 )
=	358.958	/ (	(240.79	+	243.961)	/	2 )
=	358.958	/	242.3755
=	1.48

StrongPoint ASA (OSL:STRO) 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.

StrongPoint ASA Receivables Turnover Related Terms

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StrongPoint ASA (OSL:STRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » StrongPoint ASA (OSL:STRO) » Definitions » Receivables Turnover

Traded in Other Exchanges

PSIo:Sweden PGT:Germany

Address

Slynga 10, Raelingen, NOR, 2005

Website

https://www.strongpoint.com

StrongPoint ASA is a retail technology company that provides solutions to make shops smarter, shopping experiences better and online grocery shopping more efficient. With over 500 employees in Norway, Sweden, the Baltics and Spain and together with a wide partner network, StrongPoint supports businesses in more than 20 countries. It provides in-store cash management and payment solutions, electronic shelf labels, self-checkouts, task and labor management software, click & collect temperature-controlled grocery lockers, in-store and drive-thru grocery pickup solutions and grocery order picking solutions.