SinterCast AB (OSTO:SINT) Receivables Turnover : 0.92 (As of Mar. 2024)

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What is SinterCast 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. SinterCast AB's Revenue for the three months ended in Mar. 2024 was kr32.1 Mil. SinterCast AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr35.0 Mil. Hence, SinterCast AB's Receivables Turnover for the three months ended in Mar. 2024 was 0.92.

SinterCast AB Receivables Turnover Historical Data

The historical data trend for SinterCast 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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SinterCast AB Receivables Turnover Chart

SinterCast AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.59

3.84

4.53

3.98

3.80

SinterCast 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															0.78	1.04	1.28	1.00	0.92

Competitive Comparison of SinterCast AB's Receivables Turnover

For the Specialty Industrial Machinery subindustry, SinterCast 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.

SinterCast AB's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SinterCast AB's Receivables Turnover distribution charts can be found below:

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

SinterCast AB Receivables Turnover Calculation

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

SinterCast 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 )
=	134.5	/ (	(34.1	+	36.6)	/	2 )
=	134.5	/	35.35
=	3.80

SinterCast 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 )
=	32.1	/ (	(36.6	+	33.3)	/	2 )
=	32.1	/	34.95
=	0.92

SinterCast AB (OSTO:SINT) 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.

SinterCast AB Receivables Turnover Related Terms

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SinterCast AB (OSTO:SINT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SinterCast AB (OSTO:SINT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsgatan 2, Technical Centre, Katrineholm, SWE, 641 30

Website

https://www.sintercast.com

SinterCast AB is a supplier of process control technology for the reliable high-volume production of Compacted Graphite Iron (CGI). The company has classified its revenue that is Equipment, which includes sold and leased systems, mini-systems, and spare parts; Series Production includes consumables, production fees, and software license fees; Engineering Services, which includes performed engineering services, demonstrations, and sales of test pieces; and Group Sales, which represent delivery to foreign subsidiaries of equipment, and engineering service. The sales of the Series Production category generate maximum revenue for the company. Geographically, it derives the majority of its revenue from Brazil followed by Mexico.