Synsam AB (OSTO:SYNSAM) Receivables Turnover : 2.91 (As of Mar. 2024)

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What is Synsam 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. Synsam AB's Revenue for the three months ended in Mar. 2024 was kr1,521 Mil. Synsam AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr524 Mil. Hence, Synsam AB's Receivables Turnover for the three months ended in Mar. 2024 was 2.91.

Synsam AB Receivables Turnover Historical Data

The historical data trend for Synsam 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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Synsam AB Receivables Turnover Chart

Synsam AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.30

14.38

15.23

14.82

13.30

Synsam AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												2.96	3.07	3.13	3.34	2.91

Competitive Comparison of Synsam AB's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Synsam 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.

Synsam AB's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Synsam AB's Receivables Turnover distribution charts can be found below:

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

Synsam AB Receivables Turnover Calculation

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

Synsam 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 )
=	5984	/ (	(414	+	486)	/	2 )
=	5984	/	450
=	13.30

Synsam 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 )
=	1521	/ (	(486	+	561)	/	2 )
=	1521	/	523.5
=	2.91

Synsam AB (OSTO:SYNSAM) 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.

Synsam AB Receivables Turnover Related Terms

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Synsam AB (OSTO:SYNSAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Synsam AB (OSTO:SYNSAM) » Definitions » Receivables Turnover

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9FZ:Germany

Address

Sankt Eriksgatan 60, Stockholm, SWE, 112 34

Website

https://www.synsamgroup.com

Synsam AB is a lifestyle company in optics and eye health in the Nordic region. The company offers a wide and innovative range of products in physical and digital stores. It also offers several subscription services as well as the opportunity to virtually try out entire range of glasses on mobile.

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