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SkiStar AB (OSTO:SKIS B) Receivables Turnover : 19.11 (As of May. 2024)


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What is SkiStar 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. SkiStar AB's Revenue for the three months ended in May. 2024 was kr1,490 Mil. SkiStar AB's average Accounts Receivable for the three months ended in May. 2024 was kr78 Mil. Hence, SkiStar AB's Receivables Turnover for the three months ended in May. 2024 was 19.11.


SkiStar AB Receivables Turnover Historical Data

The historical data trend for SkiStar 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.

* Premium members only.

SkiStar AB Receivables Turnover Chart

SkiStar AB Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.92 82.52 116.80 119.65 111.75

SkiStar AB Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 15.80 6.53 4.37 29.63 19.11

Competitive Comparison of SkiStar AB's Receivables Turnover

For the Resorts & Casinos subindustry, SkiStar 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.


SkiStar AB's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, SkiStar AB's Receivables Turnover distribution charts can be found below:

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



SkiStar AB Receivables Turnover Calculation

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

SkiStar AB's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

Receivables Turnover (A: Aug. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Aug. 2023 ) / ((Accounts Receivable (A: Aug. 2022 ) + Accounts Receivable (A: Aug. 2023 )) / count )
=4281.497 / ((37.83 + 38.798) / 2 )
=4281.497 / 38.314
=111.75

SkiStar AB's Receivables Turnover for the quarter that ended in May. 2024 is calculated as

Receivables Turnover (Q: May. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: May. 2024 ) / ((Accounts Receivable (Q: Feb. 2024 ) + Accounts Receivable (Q: May. 2024 )) / count )
=1489.855 / ((108.974 + 46.954) / 2 )
=1489.855 / 77.964
=19.11

* 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.


SkiStar AB  (OSTO:SKIS 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.


SkiStar AB Receivables Turnover Related Terms

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SkiStar AB (OSTO:SKIS B) Business Description

Traded in Other Exchanges
Address
Salfjallsgarden, Salen, SWE, 78067
SkiStar AB operates resorts in Scandinavia. The company manages and operates mountain ski resorts in Hemsedal and Trysil, in Norway, as well as in Salen, Are, and Vemdalen, in Sweden. It has its own online system where guests can book accommodations, ski passes, ski school lessons, and ski rentals. SkiStar operates its business in the below segments Operation of Mountain Resorts; Property Development and Operation of Hotels. The company also manages accommodation properties for hire, owns the land for development.

SkiStar AB (OSTO:SKIS B) Headlines

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