AS Baltika (OTSE:BLT1T) Receivables Turnover : 26.49 (As of Mar. 2023)

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What is AS Baltika 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. AS Baltika's Revenue for the three months ended in Mar. 2023 was €2.16 Mil. AS Baltika's average Accounts Receivable for the three months ended in Mar. 2023 was €0.08 Mil. Hence, AS Baltika's Receivables Turnover for the three months ended in Mar. 2023 was 26.49.

AS Baltika Receivables Turnover Historical Data

The historical data trend for AS Baltika'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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AS Baltika Receivables Turnover Chart

AS Baltika Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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44.14

124.43

82.89

74.32

153.81

AS Baltika Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Receivables Turnover	Get a 7-Day Free Trial															54.61	39.79	40.79	45.92	26.49

Competitive Comparison of AS Baltika's Receivables Turnover

For the Apparel Retail subindustry, AS Baltika'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.

AS Baltika's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, AS Baltika's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AS Baltika's Receivables Turnover falls into.

AS Baltika Receivables Turnover Calculation

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

AS Baltika's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	9.613	/ (	(0.041	+	0.084)	/	2 )
=	9.613	/	0.0625
=	153.81

AS Baltika's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	2.159	/ (	(0.084	+	0.079)	/	2 )
=	2.159	/	0.0815
=	26.49

AS Baltika (OTSE:BLT1T) 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.

AS Baltika Receivables Turnover Related Terms

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AS Baltika (OTSE:BLT1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AS Baltika (OTSE:BLT1T) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Valukoja 10, Tallinn, EST, 11415

Website

https://www.baltikagroup.com

AS Baltika is a fashion retailer and is engaged in designing, manufacturing, distribution, wholesale, retail and supply chain management. It develops and operates fashion brands such as Ivo Nikkolo. Most of its revenue is derived from the sale of goods in retail channels followed by wholesale and franchise channel. Geographically, the company operates its business mainly from Europe. It operates in the business segments; Retail segment, E-commerce segment and All other segments. The retail segment consists of retail operations in Estonia, Latvia, Lithuania and Finland. All other segments consist of the sale of good to wholesale and franchise clients, material and sewing services and e-commerce sales.

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