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Kid ASA (OSTO:KIDO) Receivables Turnover : 33.48 (As of Sep. 2024)


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What is Kid 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. Kid ASA's Revenue for the three months ended in Sep. 2024 was kr887 Mil. Kid ASA's average Accounts Receivable for the three months ended in Sep. 2024 was kr26 Mil. Hence, Kid ASA's Receivables Turnover for the three months ended in Sep. 2024 was 33.48.


Kid ASA Receivables Turnover Historical Data

The historical data trend for Kid 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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Kid ASA Receivables Turnover Chart

Kid ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 179.05 144.04 153.40 186.43 152.62

Kid 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 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 38.67 58.59 23.83 30.07 33.48

Competitive Comparison of Kid ASA's Receivables Turnover

For the Specialty Retail subindustry, Kid 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.


Kid ASA's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kid ASA's Receivables Turnover distribution charts can be found below:

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



Kid ASA Receivables Turnover Calculation

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

Kid 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 )
=3413.595 / ((12.094 + 32.64) / 2 )
=3413.595 / 22.367
=152.62

Kid 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 )
=886.932 / ((27.274 + 25.708) / 2 )
=886.932 / 26.491
=33.48

* 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.


Kid ASA  (OSTO:KIDo) 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.


Kid ASA Receivables Turnover Related Terms

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Kid ASA Business Description

Traded in Other Exchanges
Address
Gilhusveien 1, Gullaug, NOR, N-3426
Kid ASA is a home textile retailer in Norway. The company offers a full range of home and interior products which includes textiles, curtains, bed linens and other interior products. It sells its products through its own stores as well as through an online sales platform under the brand of Dekosol and Nordun. Traditional products of the company account for a majority of its revenue and the remaining part gets covered by trend line products. The majority of its revenue comes from Norway region stores.

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