AQ Group AB (OSTO:AQ) Receivables Turnover : 0.97 (As of Sep. 2024)

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What is AQ Group AB 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. AQ Group AB's Revenue for the three months ended in Sep. 2024 was kr1,949 Mil. AQ Group AB's average Accounts Receivable for the three months ended in Sep. 2024 was kr2,002 Mil. Hence, AQ Group AB's Receivables Turnover for the three months ended in Sep. 2024 was 0.97.

AQ Group AB Receivables Turnover Historical Data

The historical data trend for AQ Group AB'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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AQ Group AB Receivables Turnover Chart

AQ Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.81

4.73

4.78

4.64

4.95

AQ Group AB 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															1.07	1.17	1.11	1.06	0.97

Competitive Comparison of AQ Group AB's Receivables Turnover

For the Electrical Equipment & Parts subindustry, AQ Group AB'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.

AQ Group AB's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where AQ Group AB's Receivables Turnover falls into.

AQ Group AB Receivables Turnover Calculation

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

AQ Group AB'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 )
=	8968	/ (	(1745	+	1879)	/	2 )
=	8968	/	1812
=	4.95

AQ Group AB'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 )
=	1949	/ (	(2126	+	1877)	/	2 )
=	1949	/	2001.5
=	0.97

AQ Group AB (OSTO:AQ) 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.

AQ Group AB Receivables Turnover Related Terms

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AQ Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AQ Group AB (OSTO:AQ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AQs:UK 0RLO:UK 7AQ0:Germany

Address

Regattagatan 29, Vasteras, SWE, 723 48

Website

https://www.aqg.se

AQ Group AB is a supplier of manufacturing and assembling tool-bound sheet metal and thermoplastic parts to demanding industrial customers. The company's business consists of the System and Component segments. The System segment includes Electric Cabinets and System Products business areas. The Component segment encompasses business areas of Precision stamping and Injection Molding, Inductive Components, Wiring Systems, Sheet Metal Processing as well as Special Technologies and Engineering. Majority of the revenue is derived from Component segment. It operates around the globe with majority revenue from Sweden.