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Coala-Life Group AB (OSTO:COALA) Receivables Turnover : 0.52 (As of Sep. 2023)


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What is Coala-Life 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. Coala-Life Group AB's Revenue for the three months ended in Sep. 2023 was kr14.10 Mil. Coala-Life Group AB's average Accounts Receivable for the three months ended in Sep. 2023 was kr27.00 Mil. Hence, Coala-Life Group AB's Receivables Turnover for the three months ended in Sep. 2023 was 0.52.


Coala-Life Group AB Receivables Turnover Historical Data

The historical data trend for Coala-Life 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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Coala-Life Group AB Receivables Turnover Chart

Coala-Life Group AB Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Dec21
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.78 43.30 49.09 49.46 0.27

Coala-Life Group AB Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.57 1.36 0.88 0.51 0.52

Competitive Comparison of Coala-Life Group AB's Receivables Turnover

For the Medical Devices subindustry, Coala-Life 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.


Coala-Life Group AB's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Coala-Life Group AB's Receivables Turnover distribution charts can be found below:

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



Coala-Life Group AB Receivables Turnover Calculation

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

Coala-Life Group AB's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Receivables Turnover (A: Dec. 2021 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2021 ) / ((Accounts Receivable (A: Aug. 2020 ) + Accounts Receivable (A: Dec. 2021 )) / count )
=4.058 / ((29.782 + 0.723) / 2 )
=4.058 / 15.2525
=0.27

Coala-Life 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 )
=14.1 / ((31.5 + 22.5) / 2 )
=14.1 / 27
=0.52

* 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.


Coala-Life Group AB  (OSTO:COALA) 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.


Coala-Life Group AB Receivables Turnover Related Terms

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Coala-Life Group AB (OSTO:COALA) Business Description

Traded in Other Exchanges
N/A
Address
Kalsangsgrand 10B, Uppsala, SWE, 753 19
Coala-Life Group AB is a Swedish medical technology and life science company focusing on heart diagnostics and digital health. The company has developed a cloud-based remote monitoring device to digitally diagnose heart and lung diseases and can be used prior to a procedure and help physicians identify potential surgical risks.

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