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Arendals Fossekompani ASA (OSTO:AFKO) Receivables Turnover : 0.90 (As of Sep. 2024)


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What is Arendals Fossekompani 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. Arendals Fossekompani ASA's Revenue for the three months ended in Sep. 2024 was kr911 Mil. Arendals Fossekompani ASA's average Accounts Receivable for the three months ended in Sep. 2024 was kr1,011 Mil. Hence, Arendals Fossekompani ASA's Receivables Turnover for the three months ended in Sep. 2024 was 0.90.


Arendals Fossekompani ASA Receivables Turnover Historical Data

The historical data trend for Arendals Fossekompani 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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Arendals Fossekompani ASA Receivables Turnover Chart

Arendals Fossekompani ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.56 4.53 6.19 5.38 5.48

Arendals Fossekompani ASA 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 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 0.73 2.32 1.18 1.28 0.90

Competitive Comparison of Arendals Fossekompani ASA's Receivables Turnover

For the Conglomerates subindustry, Arendals Fossekompani 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.


Arendals Fossekompani ASA's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Arendals Fossekompani ASA's Receivables Turnover distribution charts can be found below:

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



Arendals Fossekompani ASA Receivables Turnover Calculation

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

Arendals Fossekompani 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 )
=5400.158 / ((926.124 + 1044.423) / 2 )
=5400.158 / 985.2735
=5.48

Arendals Fossekompani ASA'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 )
=911 / ((1288 + 734) / 2 )
=911 / 1011
=0.90

* 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.


Arendals Fossekompani ASA  (OSTO:AFKO) 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.


Arendals Fossekompani ASA Receivables Turnover Related Terms

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Arendals Fossekompani ASA Business Description

Traded in Other Exchanges
Address
Langbryggen 9, Arendal, NOR, 4841
Arendals Fossekompani ASA is an industrial investment company holding several core investments and a portfolio of financial investments. The company has proud traditions in power production and owns and operates two hydropower plants, and also runs several property development projects. In addition, the firm operates globally in many forward-looking industries including 3D printing, algo trading, satellite services, battery and solar technology, software and digitalization, as well as various green energy technologies. The company has 10 operating segments; Hydropower, Group Management, Volue, NSSLGIobaI, ENRX, Tekna, AFK Property, Alytic, Ampwell, and Vergia.

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