Artificial Solutions International AB (OSTO:ASAI) Receivables Turnover : 1.51 (As of Mar. 2024)

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What is Artificial Solutions International 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. Artificial Solutions International AB's Revenue for the three months ended in Mar. 2024 was kr17.10 Mil. Artificial Solutions International AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr11.36 Mil. Hence, Artificial Solutions International AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.51.

Artificial Solutions International AB Receivables Turnover Historical Data

The historical data trend for Artificial Solutions International 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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Artificial Solutions International AB Receivables Turnover Chart

Artificial Solutions International AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.11

10.94

8.78

5.93

6.69

Artificial Solutions International AB 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															0.99	0.69	0.78	1.12	1.51

Competitive Comparison of Artificial Solutions International AB's Receivables Turnover

For the Software - Infrastructure subindustry, Artificial Solutions International 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.

Artificial Solutions International AB's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Artificial Solutions International AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Artificial Solutions International AB's Receivables Turnover falls into.

Artificial Solutions International AB Receivables Turnover Calculation

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

Artificial Solutions International 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 )
=	60.534	/ (	(8.295	+	9.813)	/	2 )
=	60.534	/	9.054
=	6.69

Artificial Solutions International AB'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 )
=	17.1	/ (	(9.813	+	12.9)	/	2 )
=	17.1	/	11.3565
=	1.51

Artificial Solutions International AB (OSTO:ASAI) 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.

Artificial Solutions International AB Receivables Turnover Related Terms

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Artificial Solutions International AB (OSTO:ASAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Artificial Solutions International AB (OSTO:ASAI) » Definitions » Receivables Turnover

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5JG:Germany

Address

Stureplan 15, 2nd Floor, Stockholm, SWE, 11145

Website

https://www.artificial-solutions.com

Artificial Solutions International AB is a specialist in Conversational AI. It enables communication with applications, websites, and devices in everyday, humanlike natural language via voice, text, touch, or gesture input. The company's Conversational AI platform Teneo, allows business users and developers to create applications that run across 86 languages and dialects, multiple platforms, and channels in record time. The ability to analyze and make use of the enormous quantities of conversational data is fully integrated within Teneo, delivering unprecedented levels of data insight that reveal what customers are truly thinking. Its Conversational AI technology makes it easy to implement a wide range of natural language applications such as virtual assistants, and conversational bots.

Artificial Solutions International AB (OSTO:ASAI) Headlines

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