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Fortinova Fastigheter AB (OSTO:FNOVA B) Receivables Turnover : 5.45 (As of Mar. 2025)


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What is Fortinova Fastigheter 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. Fortinova Fastigheter AB's Revenue for the three months ended in Mar. 2025 was kr93.8 Mil. Fortinova Fastigheter AB's average Accounts Receivable for the three months ended in Mar. 2025 was kr17.2 Mil. Hence, Fortinova Fastigheter AB's Receivables Turnover for the three months ended in Mar. 2025 was 5.45.


Fortinova Fastigheter AB Receivables Turnover Historical Data

The historical data trend for Fortinova Fastigheter 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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Fortinova Fastigheter AB Receivables Turnover Chart

Fortinova Fastigheter AB Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Dec23
Receivables Turnover
- 89.50 73.19 25.60 9.30

Fortinova Fastigheter AB Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Sep22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.62 8.41 7.64 12.80 5.45

Competitive Comparison of Fortinova Fastigheter AB's Receivables Turnover

For the Real Estate Services subindustry, Fortinova Fastigheter 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.


Fortinova Fastigheter AB's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fortinova Fastigheter AB's Receivables Turnover distribution charts can be found below:

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


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Fortinova Fastigheter AB Receivables Turnover Calculation

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

Fortinova Fastigheter AB's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Aug. 2021 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=332.1 / ((13.2 + 58.2) / 2 )
=332.1 / 35.7
=9.30

Fortinova Fastigheter AB's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=93.8 / ((2.1 + 32.3) / 2 )
=93.8 / 17.2
=5.45

* 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.


Fortinova Fastigheter AB  (OSTO:FNOVA B) 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.


Fortinova Fastigheter AB Receivables Turnover Related Terms

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Fortinova Fastigheter AB Business Description

Traded in Other Exchanges
N/A
Address
Norrgatan 10, Varberg, SWE, 432 41
Fortinova Fastigheter AB operates as a real estate company. It acquires, develops and manages residential properties in some of western Sweden's.

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