Kongsberg Automotive Holdings ASA (OSTO:KOAO) Receivables Turnover : 1.27 (As of Mar. 2024)

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What is Kongsberg Automotive Holdings 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. Kongsberg Automotive Holdings ASA's Revenue for the three months ended in Mar. 2024 was kr2,447 Mil. Kongsberg Automotive Holdings ASA's average Accounts Receivable for the three months ended in Mar. 2024 was kr1,928 Mil. Hence, Kongsberg Automotive Holdings ASA's Receivables Turnover for the three months ended in Mar. 2024 was 1.27.

Kongsberg Automotive Holdings ASA Receivables Turnover Historical Data

The historical data trend for Kongsberg Automotive Holdings 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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Kongsberg Automotive Holdings ASA Receivables Turnover Chart

Kongsberg Automotive Holdings ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.49

3.10

3.47

4.64

5.65

Kongsberg Automotive Holdings ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.36	1.23	1.17	1.23	1.27

Competitive Comparison of Kongsberg Automotive Holdings ASA's Receivables Turnover

For the Auto Parts subindustry, Kongsberg Automotive Holdings 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.

Kongsberg Automotive Holdings ASA's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Kongsberg Automotive Holdings ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kongsberg Automotive Holdings ASA's Receivables Turnover falls into.

Kongsberg Automotive Holdings ASA Receivables Turnover Calculation

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

Kongsberg Automotive Holdings 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 )
=	10180.113	/ (	(1742.624	+	1857.937)	/	2 )
=	10180.113	/	1800.2805
=	5.65

Kongsberg Automotive Holdings 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 )
=	2446.55	/ (	(1857.937	+	1997.843)	/	2 )
=	2446.55	/	1927.89
=	1.27

Kongsberg Automotive Holdings ASA (OSTO:KOAo) 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.

Kongsberg Automotive Holdings ASA Receivables Turnover Related Terms

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Kongsberg Automotive Holdings ASA (OSTO:KOAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kongsberg Automotive Holdings ASA (OSTO:KOAo) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KGAUF:USA KOA:Norway KOAo:UK K3A:Germany

Address

Europaallee 39, Zurich, CHE, 8004

Website

https://www.kongsbergautomotive.com

Kongsberg Automotive Holdings ASA is a Norway-based company that develops, manufactures and sells products to the automotive industry. The company has organized its businesses into two segments, namely Powertrain and Chassis Products and Specialty Products. The Powertrain and Chassis Products business segment is comprised of the Driveline and On-Highway business units, while the business units under the Specialty Products business segment are Couplings, Fluid Transfer Systems (FTS), and Off-Highway.

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