Careium AB (OSTO:CARE) Receivables Turnover : 0.99 (As of Sep. 2024)

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What is Careium 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. Careium AB's Revenue for the three months ended in Sep. 2024 was kr201.7 Mil. Careium AB's average Accounts Receivable for the three months ended in Sep. 2024 was kr203.4 Mil. Hence, Careium AB's Receivables Turnover for the three months ended in Sep. 2024 was 0.99.

Careium AB Receivables Turnover Historical Data

The historical data trend for Careium 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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Careium AB Receivables Turnover Chart

Careium AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

8.08

8.52

5.04

5.06

7.81

Careium AB Quarterly Data
	Dec19	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													1.19	1.40	1.48	1.16	0.99

Competitive Comparison of Careium AB's Receivables Turnover

For the Security & Protection Services subindustry, Careium 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.

Careium AB's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Careium AB's Receivables Turnover distribution charts can be found below:

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

Careium AB Receivables Turnover Calculation

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

Careium 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 )
=	824.6	/ (	(117.8	+	93.3)	/	2 )
=	824.6	/	105.55
=	7.81

Careium 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 )
=	201.7	/ (	(206	+	200.8)	/	2 )
=	201.7	/	203.4
=	0.99

Careium AB (OSTO:CARE) 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.

Careium AB Receivables Turnover Related Terms

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Careium AB Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Jorgen Kocksgatan 1B, Malmo, SWE, 211 20

Website

https://www.careium.com

Careium AB is a player in technology-enabled care in Sweden which provides solutions to improve the safety, quality of life, and independence of seniors both inside and outside the home. It offers a complete digital alarm chain. Its product catalog includes security alarms, fall sensors, smoke detectors motion detectors, accessories such as cameras, electronic locks, robotic medication assistive devices, and secure communication with alarm response. Geographically it has a presence in Nordics, the United Kingdom and Ireland, Central Europe, and Other markets, Its majority of the revenue comes from Nordics.