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Gram Car Carriers ASA (OSTO:GCCO) Receivables Turnover : 19.83 (As of Mar. 2024)


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What is Gram Car Carriers 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. Gram Car Carriers ASA's Revenue for the three months ended in Mar. 2024 was kr582 Mil. Gram Car Carriers ASA's average Accounts Receivable for the three months ended in Mar. 2024 was kr29 Mil. Hence, Gram Car Carriers ASA's Receivables Turnover for the three months ended in Mar. 2024 was 19.83.


Gram Car Carriers ASA Receivables Turnover Historical Data

The historical data trend for Gram Car Carriers 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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Gram Car Carriers ASA Receivables Turnover Chart

Gram Car Carriers ASA Annual Data
Trend Dec21 Dec22 Dec23
Receivables Turnover
42.43 114.80 323.21

Gram Car Carriers ASA Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.11 12.86 18.24 31.03 19.83

Competitive Comparison of Gram Car Carriers ASA's Receivables Turnover

For the Marine Shipping subindustry, Gram Car Carriers 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.


Gram Car Carriers ASA's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Gram Car Carriers ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gram Car Carriers ASA's Receivables Turnover falls into.



Gram Car Carriers ASA Receivables Turnover Calculation

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

Gram Car Carriers 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 )
=2119.744 / ((4.308 + 8.809) / 2 )
=2119.744 / 6.5585
=323.21

Gram Car Carriers ASA'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 )
=582.063 / ((8.809 + 49.898) / 2 )
=582.063 / 29.3535
=19.83

* 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.


Gram Car Carriers ASA  (OSTO:GCCo) 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.


Gram Car Carriers ASA Receivables Turnover Related Terms

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Gram Car Carriers ASA (OSTO:GCCO) Business Description

Traded in Other Exchanges
Address
Bryggegata 9 (Aker Brygge), Oslo, NOR, 0250
Gram Car Carriers ASA is a tonnage provider with a fleet of distribution vessels, mid-size vessels, and Panamax vessels. Geographically company has a presence in Europe, Asia, and others. The majority of the revenue is derived from Asia.

Gram Car Carriers ASA (OSTO:GCCO) Headlines

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