CTEK AB (OSTO:CTEK) Receivables Turnover : 1.51 (As of Mar. 2024)

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What is CTEK 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. CTEK AB's Revenue for the three months ended in Mar. 2024 was kr200.7 Mil. CTEK AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr133.2 Mil. Hence, CTEK AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.51.

CTEK AB Receivables Turnover Historical Data

The historical data trend for CTEK 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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CTEK AB Receivables Turnover Chart

CTEK AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.45

5.92

5.88

4.96

5.23

CTEK AB Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													1.28	1.22	1.41	1.65	1.51

Competitive Comparison of CTEK AB's Receivables Turnover

For the Electrical Equipment & Parts subindustry, CTEK 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.

CTEK AB's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CTEK AB's Receivables Turnover distribution charts can be found below:

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

CTEK AB Receivables Turnover Calculation

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

CTEK 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 )
=	884.2	/ (	(194.4	+	143.6)	/	2 )
=	884.2	/	169
=	5.23

CTEK 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 )
=	200.7	/ (	(143.6	+	122.8)	/	2 )
=	200.7	/	133.2
=	1.51

CTEK AB (OSTO:CTEK) 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.

CTEK AB Receivables Turnover Related Terms

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CTEK AB (OSTO:CTEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CTEK AB (OSTO:CTEK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

1F7:Germany

Address

Rostugnsvägen 3, Vikmanshyttan, SWE, 776 70

Website

https://www.ctekgroup.com

CTEK AB is a global supplier of 12V battery chargers for various vehicles in the premium segment and Sweden's second largest supplier of chargers and accessories for electric vehicle charging.