Ayima Group AB (OSTO:AYIMA B) Receivables Turnover : 2.14 (As of Sep. 2023)

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What is Ayima 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. Ayima Group AB's Revenue for the three months ended in Sep. 2023 was kr29.4 Mil. Ayima Group AB's average Accounts Receivable for the three months ended in Sep. 2023 was kr13.8 Mil. Hence, Ayima Group AB's Receivables Turnover for the three months ended in Sep. 2023 was 2.14.

Ayima Group AB Receivables Turnover Historical Data

The historical data trend for Ayima 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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Ayima Group AB Receivables Turnover Chart

Ayima Group AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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8.69

7.59

6.87

9.12

8.92

Ayima Group AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.22	2.36	2.31	2.42	2.14

Competitive Comparison of Ayima Group AB's Receivables Turnover

For the Advertising Agencies subindustry, Ayima 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.

Ayima Group AB's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Ayima Group AB's Receivables Turnover distribution charts can be found below:

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

Ayima Group AB Receivables Turnover Calculation

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

Ayima Group AB's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	149.925	/ (	(18.303	+	15.316)	/	2 )
=	149.925	/	16.8095
=	8.92

Ayima Group AB's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	29.4	/ (	(14.2	+	13.3)	/	2 )
=	29.4	/	13.75
=	2.14

Ayima Group AB (OSTO:AYIMA B) 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.

Ayima Group AB Receivables Turnover Related Terms

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Ayima Group AB (OSTO:AYIMA B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ayima Group AB (OSTO:AYIMA B) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Lindsey Street, 1st Floor, London, GBR, EC1A 9HP

Website

https://www.ayima.com

Ayima Group AB is a digital advertising agency. Ayima primarily offers full-service digital marketing in search engine optimization (SEO), paid search, display, social, content marketing, web design, and website development. The company has structured its operations into the following business segments - SEO, Paid and Content, and Creative and Data & Analytics. It has customers in many different industry segments, such as gaming, finance/insurance, retail, telecommunications, travel/leisure, pharmaceutical information, education, publishing. The company operates in three geographical markets - United Kingdom, North America and Canada, and Europe. Geographically the company receives maximum revenue from the United Kingdom.

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