Elopak ASA (OSTO:ELOO) Receivables Turnover : 2.69 (As of Sep. 2024)

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What is Elopak ASA 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. Elopak ASA's Revenue for the three months ended in Sep. 2024 was kr3,452 Mil. Elopak ASA's average Accounts Receivable for the three months ended in Sep. 2024 was kr1,286 Mil. Hence, Elopak ASA's Receivables Turnover for the three months ended in Sep. 2024 was 2.69.

Elopak ASA Receivables Turnover Historical Data

The historical data trend for Elopak ASA'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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Elopak ASA Receivables Turnover Chart

Elopak ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.91

9.79

9.89

10.72

11.14

Elopak ASA Quarterly Data
	Dec19	Mar20	Jun20	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															2.68	2.64	2.61	2.61	2.69

Competitive Comparison of Elopak ASA's Receivables Turnover

For the Packaging & Containers subindustry, Elopak ASA'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.

Elopak ASA's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Elopak ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Elopak ASA's Receivables Turnover falls into.

Elopak ASA Receivables Turnover Calculation

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

Elopak ASA'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 )
=	13023.298	/ (	(1069.625	+	1268.252)	/	2 )
=	13023.298	/	1168.9385
=	11.14

Elopak ASA'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 )
=	3452.086	/ (	(1218.051	+	1352.996)	/	2 )
=	3452.086	/	1285.5235
=	2.69

Elopak ASA (OSTO:ELOo) 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.

Elopak ASA Receivables Turnover Related Terms

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Elopak ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Elopak ASA (OSTO:ELOo) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ELO:Norway 0AB3E:UK 9J7:Germany

Address

Industriveien 30, Spikkestad, NOR, 3430

Website

https://www.elopak.com

Elopak ASA is a supplier of carton packaging, filling equipment and technical services. It uses renewable, recyclable, and sustainably sourced materials to provide packaging solutions. The company offers a natural and convenient alternative to plastic bottles and fits within a low carbon circular economy. It generates the majority of its revenue from Cartons and closures, followed by Equipment, and services. The company's geographical segments include Germany, the United States, Canada, the Netherlands, Norway. and others.

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