CAG Group AB (OSTO:CAG) Receivables Turnover : 1.35 (As of Mar. 2024)

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What is CAG 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. CAG Group AB's Revenue for the three months ended in Mar. 2024 was kr231.3 Mil. CAG Group AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr171.4 Mil. Hence, CAG Group AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.35.

CAG Group AB Receivables Turnover Historical Data

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

CAG Group AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.17

6.01

6.04

5.83

5.60

CAG Group 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															1.59	1.54	1.18	1.47	1.35

Competitive Comparison of CAG Group AB's Receivables Turnover

For the Information Technology Services subindustry, CAG 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.

CAG Group AB's Receivables Turnover Distribution in the Software Industry

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

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

CAG Group AB Receivables Turnover Calculation

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

CAG 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 )
=	889.626	/ (	(146.92	+	170.834)	/	2 )
=	889.626	/	158.877
=	5.60

CAG Group 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 )
=	231.324	/ (	(170.834	+	171.949)	/	2 )
=	231.324	/	171.3915
=	1.35

CAG Group AB (OSTO:CAG) 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.

CAG Group AB Receivables Turnover Related Terms

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CAG Group AB (OSTO:CAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CAG Group AB (OSTO:CAG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsgatan 37, Box 22564, Stockholm, SWE, 104 22

Website

https://www.cag.se

CAG Group AB is an information technology consulting company. The company's services include information technology managment, system development, operations and training.