Job Solution Sweden Holding AB (OSTO:JOBS) Receivables Turnover : 1.71 (As of Mar. 2024)

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What is Job Solution Sweden Holding 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. Job Solution Sweden Holding AB's Revenue for the three months ended in Mar. 2024 was kr67.7 Mil. Job Solution Sweden Holding AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr39.6 Mil. Hence, Job Solution Sweden Holding AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.71.

Job Solution Sweden Holding AB Receivables Turnover Historical Data

The historical data trend for Job Solution Sweden Holding 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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Job Solution Sweden Holding AB Receivables Turnover Chart

Job Solution Sweden Holding AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.83

5.53

4.70

4.37

Job Solution Sweden Holding AB Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								1.24	1.16	1.03	0.98	1.71

Competitive Comparison of Job Solution Sweden Holding AB's Receivables Turnover

For the Staffing & Employment Services subindustry, Job Solution Sweden Holding 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.

Job Solution Sweden Holding AB's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Job Solution Sweden Holding AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Job Solution Sweden Holding AB's Receivables Turnover falls into.

Job Solution Sweden Holding AB Receivables Turnover Calculation

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

Job Solution Sweden Holding 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 )
=	73.776	/ (	(12.592	+	21.137)	/	2 )
=	73.776	/	16.8645
=	4.37

Job Solution Sweden Holding 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 )
=	67.703	/ (	(21.137	+	58.007)	/	2 )
=	67.703	/	39.572
=	1.71

Job Solution Sweden Holding AB (OSTO:JOBS) 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.

Job Solution Sweden Holding AB Receivables Turnover Related Terms

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