WPU Waste Plastic Upcycling AS (OSL:WPU) Receivables Turnover : 2.26 (As of Jun. 2024)

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What is WPU Waste Plastic Upcycling 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. WPU Waste Plastic Upcycling AS's Revenue for the six months ended in Jun. 2024 was kr2.30 Mil. WPU Waste Plastic Upcycling AS's average Accounts Receivable for the six months ended in Jun. 2024 was kr1.02 Mil. Hence, WPU Waste Plastic Upcycling AS's Receivables Turnover for the six months ended in Jun. 2024 was 2.26.

WPU Waste Plastic Upcycling AS Receivables Turnover Historical Data

The historical data trend for WPU Waste Plastic Upcycling 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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WPU Waste Plastic Upcycling AS Receivables Turnover Chart

WPU Waste Plastic Upcycling AS Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

WPU Waste Plastic Upcycling AS Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	-	-	1.19	-	2.26

Competitive Comparison of WPU Waste Plastic Upcycling AS's Receivables Turnover

For the Waste Management subindustry, WPU Waste Plastic Upcycling 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.

WPU Waste Plastic Upcycling AS's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, WPU Waste Plastic Upcycling AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where WPU Waste Plastic Upcycling AS's Receivables Turnover falls into.

WPU Waste Plastic Upcycling AS Receivables Turnover Calculation

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

WPU Waste Plastic Upcycling AS'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 )
=	0	/ (	(0.007	+	1.267)	/	2 )
=	0	/	0.637
=	N/A

WPU Waste Plastic Upcycling AS's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	2.301	/ (	(1.267	+	0.77)	/	2 )
=	2.301	/	1.0185
=	2.26

WPU Waste Plastic Upcycling AS (OSL:WPU) 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.

WPU Waste Plastic Upcycling AS Receivables Turnover Related Terms

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WPU Waste Plastic Upcycling AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » WPU Waste Plastic Upcycling AS (OSL:WPU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

YN2:Germany

Address

Hojgardsvej 13A, Lammefjorden, Farevejle, DNK, 4540

Website

https://www.wpu-dk.com

WPU Waste Plastic Upcycling AS is engaged in the upcycling of plastics. It converts plastic waste to oil that turns into new products. Its technology is based on pyrolysis, which processes the plastic at high temperatures. With pyrolysis, plastics that are no longer suitable for mechanical recycling could be given new life.

WPU Waste Plastic Upcycling AS Headlines

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