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Projektengagemang Sweden AB (OSTO:PENG B) Receivables Turnover : 1.67 (As of Mar. 2024)


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What is Projektengagemang Sweden 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. Projektengagemang Sweden AB's Revenue for the three months ended in Mar. 2024 was kr218.3 Mil. Projektengagemang Sweden AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr130.6 Mil. Hence, Projektengagemang Sweden AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.67.


Projektengagemang Sweden AB Receivables Turnover Historical Data

The historical data trend for Projektengagemang Sweden 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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Projektengagemang Sweden AB Receivables Turnover Chart

Projektengagemang Sweden AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 6.26 6.65 7.38 7.03 6.65

Projektengagemang Sweden 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 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 1.83 - - 1.77 1.67

Competitive Comparison of Projektengagemang Sweden AB's Receivables Turnover

For the Engineering & Construction subindustry, Projektengagemang Sweden 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.


Projektengagemang Sweden AB's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Projektengagemang Sweden AB's Receivables Turnover distribution charts can be found below:

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



Projektengagemang Sweden AB Receivables Turnover Calculation

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

Projektengagemang Sweden 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 )
=882.269 / ((134.618 + 130.566) / 2 )
=882.269 / 132.592
=6.65

Projektengagemang Sweden 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 )
=218.3 / ((130.566 + 0) / 1 )
=218.3 / 130.566
=1.67

* 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.


Projektengagemang Sweden AB  (OSTO:PENG B) 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.


Projektengagemang Sweden AB Receivables Turnover Related Terms

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Projektengagemang Sweden AB (OSTO:PENG B) Business Description

Traded in Other Exchanges
N/A
Address
Arstaangsvagen 11, Stockholm, SWE, 117 43
Projektengagemang Sweden AB is an engineering consultancy company. It offers services in such areas as architecture, project management, urban planning, and energy. It has operations in three divisions. The Architecture and Management division offers urban planning, building design, and interior design as well as project management services. The Civil Engineering and Infrastructure division is a key revenue driver, offers construction engineering and energy-related property services. The systems division offers solutions involving electricity, telecommunications, and security systems.

Projektengagemang Sweden AB (OSTO:PENG B) Headlines

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