CombinedX AB (OSTO:CX) Receivables Turnover : 1.81 (As of Dec. 2024)

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What is CombinedX 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. CombinedX AB's Revenue for the three months ended in Dec. 2024 was kr257.9 Mil. CombinedX AB's average Accounts Receivable for the three months ended in Dec. 2024 was kr142.3 Mil. Hence, CombinedX AB's Receivables Turnover for the three months ended in Dec. 2024 was 1.81.

CombinedX AB Receivables Turnover Historical Data

The historical data trend for CombinedX 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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CombinedX AB Receivables Turnover Chart

CombinedX AB Annual Data

Trend

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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6.54

5.56

5.26

5.29

6.43

CombinedX AB Quarterly Data
	Apr18	Apr19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial														1.47	1.44	1.48	1.24	1.81

Competitive Comparison of CombinedX AB's Receivables Turnover

For the Information Technology Services subindustry, CombinedX 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.

CombinedX AB's Receivables Turnover Distribution in the Software Industry

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

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

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CombinedX AB Receivables Turnover Calculation

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

CombinedX AB's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	929.9	/ (	(146.7	+	142.4)	/	2 )
=	929.9	/	144.55
=	6.43

CombinedX AB's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	257.9	/ (	(142.1	+	142.4)	/	2 )
=	257.9	/	142.25
=	1.81

CombinedX AB (OSTO:CX) 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.

CombinedX AB Receivables Turnover Related Terms

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CombinedX AB Business Description

Industry

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

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Address

Tynasgatan 10, Karlstad, SWE, 652 16

Website

https://www.combinedx.com

CombinedX AB is a family of knowledge companies that help companies and organizations to take advantage of the opportunities of digitalisation. It delivers services through eight wholly-owned specialist companies, each with market-leading technology and business expertise in its niche.