Nordic LEVEL Group AB (OSTO:LEVEL) Receivables Turnover : 1.49 (As of Mar. 2024)

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What is Nordic LEVEL Group 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. Nordic LEVEL Group AB's Revenue for the three months ended in Mar. 2024 was kr90.2 Mil. Nordic LEVEL Group AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr60.5 Mil. Hence, Nordic LEVEL Group AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.49.

Nordic LEVEL Group AB Receivables Turnover Historical Data

The historical data trend for Nordic LEVEL Group 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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Nordic LEVEL Group AB Receivables Turnover Chart

Nordic LEVEL Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.80

5.92

8.94

5.22

5.31

Nordic LEVEL Group AB 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															1.08	1.71	1.05	0.50	1.49

Competitive Comparison of Nordic LEVEL Group AB's Receivables Turnover

For the Security & Protection Services subindustry, Nordic LEVEL Group 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.

Nordic LEVEL Group AB's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Nordic LEVEL Group AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nordic LEVEL Group AB's Receivables Turnover falls into.

Nordic LEVEL Group AB Receivables Turnover Calculation

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

Nordic LEVEL Group 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 )
=	361.946	/ (	(74.813	+	61.458)	/	2 )
=	361.946	/	68.1355
=	5.31

Nordic LEVEL Group 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 )
=	90.161	/ (	(61.458	+	59.506)	/	2 )
=	90.161	/	60.482
=	1.49

Nordic LEVEL Group AB (OSTO:LEVEL) 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.

Nordic LEVEL Group AB Receivables Turnover Related Terms

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Nordic LEVEL Group AB (OSTO:LEVEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nordic LEVEL Group AB (OSTO:LEVEL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Esplanaden 3 B, Sundbyberg, SWE, 172 67

Website

https://www.nordiclevelgroup.com

Nordic LEVEL Group AB is an acquisition-driven group that acquires and develops companies in the security sector. The group is a full-service provider of trusted safety and security solutions, and the business is conducted through the group's subsidiaries in the Nordic market. LEVEL operates in three core areas: advisory, technology and operations. The company focus is to decrease societal costs by increasing both physical and perceived security for clients as well as allowing for law enforcement to focus on their primary societal responsibilities.

Nordic LEVEL Group AB (OSTO:LEVEL) Headlines

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