Move About Group AB (OSTO:MOV) Receivables Turnover : 0.00 (As of Jun. 2024)

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What is Move About 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. Move About Group AB's Revenue for the three months ended in Jun. 2024 was kr0.02 Mil. Move About Group AB's average Accounts Receivable for the three months ended in Jun. 2024 was kr5.64 Mil. Hence, Move About Group AB's Receivables Turnover for the three months ended in Jun. 2024 was 0.00.

Move About Group AB Receivables Turnover Historical Data

The historical data trend for Move About 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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Move About Group AB Receivables Turnover Chart

Move About Group AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

2.37

1.17

0.96

Move About Group AB Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial										1.04	0.46	-	0.31	-

Competitive Comparison of Move About Group AB's Receivables Turnover

For the Software - Application subindustry, Move About 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.

Move About Group AB's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Move About Group AB's Receivables Turnover distribution charts can be found below:

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

Move About Group AB Receivables Turnover Calculation

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

Move About 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 )
=	6.695	/ (	(12.46	+	1.551)	/	2 )
=	6.695	/	7.0055
=	0.96

Move About Group AB's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	0.016	/ (	(5.64	+	5.64)	/	2 )
=	0.016	/	5.64
=	0.00

Move About Group AB (OSTO:MOV) 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.

Move About Group AB Receivables Turnover Related Terms

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Move About Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Move About Group AB (OSTO:MOV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Magasinsgatan 22, Sverige, Goteborg, SWE, 411 18

Website

https://www.moveaboutgroup.com

Move About Group AB offers app-based, environmentally friendly and cost-effective mobility solutions to both private individuals and companies, municipalities and organizations. The company has developed and owns all intellectual property rights to its cloud-based Greentech platform that provides digital access to electric cars, electric bicycles, taxis, subways and parking through one and the same application around the clock.