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REC Silicon ASA (OSTO:RECO) Receivables Turnover : 2.24 (As of Mar. 2024)


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What is REC Silicon 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. REC Silicon ASA's Revenue for the three months ended in Mar. 2024 was kr447 Mil. REC Silicon ASA's average Accounts Receivable for the three months ended in Mar. 2024 was kr199 Mil. Hence, REC Silicon ASA's Receivables Turnover for the three months ended in Mar. 2024 was 2.24.


REC Silicon ASA Receivables Turnover Historical Data

The historical data trend for REC Silicon 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.

* Premium members only.

REC Silicon ASA Receivables Turnover Chart

REC Silicon 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 6.19 5.52 6.76 7.88 7.48

REC Silicon 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 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 1.90 2.64 2.47 2.19 2.24

Competitive Comparison of REC Silicon ASA's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, REC Silicon 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.


REC Silicon ASA's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, REC Silicon ASA's Receivables Turnover distribution charts can be found below:

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



REC Silicon ASA Receivables Turnover Calculation

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

REC Silicon 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 )
=1488.52 / ((165.986 + 232.087) / 2 )
=1488.52 / 199.0365
=7.48

REC Silicon 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 )
=446.769 / ((232.087 + 166.61) / 2 )
=446.769 / 199.3485
=2.24

* 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.


REC Silicon ASA  (OSTO:RECo) 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.


REC Silicon ASA Receivables Turnover Related Terms

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REC Silicon ASA (OSTO:RECO) Business Description

Traded in Other Exchanges
Address
Fornebuveien 84, PO Box 63, Lysaker, NOR, 1324
REC Silicon ASA is a producer of silicon materials, supplying high-purity polysilicon and silicon gases to the solar and electronics industries. The product offered by the group includes Solar grade polysilicon, Electronic grade polysilicon and Silicon gases. It operates in two segments namely Solar Materials and Semiconductor Materials. Majority of the firm's revenue gets generated through Semiconductor Materials segment.

REC Silicon ASA (OSTO:RECO) Headlines

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