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Solnaberg Property AB (OSTO:SOLNA) Receivables Turnover : 263.24 (As of Dec. 2023)


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What is Solnaberg Property 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. Solnaberg Property AB's Revenue for the six months ended in Dec. 2023 was kr37.91 Mil. Solnaberg Property AB's average Accounts Receivable for the six months ended in Dec. 2023 was kr0.14 Mil. Hence, Solnaberg Property AB's Receivables Turnover for the six months ended in Dec. 2023 was 263.24.


Solnaberg Property AB Receivables Turnover Historical Data

The historical data trend for Solnaberg Property 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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Solnaberg Property AB Receivables Turnover Chart

Solnaberg Property AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial - - - - 524.71

Solnaberg Property AB Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - - - 263.24

Competitive Comparison of Solnaberg Property AB's Receivables Turnover

For the Real Estate Services subindustry, Solnaberg Property 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.


Solnaberg Property AB's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Solnaberg Property AB's Receivables Turnover distribution charts can be found below:

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



Solnaberg Property AB Receivables Turnover Calculation

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

Solnaberg Property 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 )
=75.558 / ((0 + 0.144) / 1 )
=75.558 / 0.144
=524.71

Solnaberg Property AB's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=37.906 / ((0 + 0.144) / 1 )
=37.906 / 0.144
=263.24

* 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.


Solnaberg Property AB  (OSTO:SOLNA) 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.


Solnaberg Property AB Receivables Turnover Related Terms

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Solnaberg Property AB (OSTO:SOLNA) Business Description

Traded in Other Exchanges
N/A
Address
C/o Wilfast Forvaltning AB, Stora Badhusgatan 28A, Gothenburg, SWE, 411 21
Solnaberg Property AB is a Sweden-based company involved in the real estate sector. It owns the property Solna Bladet 3 which comprises four combined office buildings. The property is in Bergshamra, a district in eastern Solna.

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