Grab2Go AS (OTSE:GRB2G) Receivables Turnover : 0.00 (As of Jun. 2023)

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What is Grab2Go AS 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. Grab2Go AS's Revenue for the six months ended in Jun. 2023 was €0.00 Mil. Grab2Go AS's average Accounts Receivable for the six months ended in Jun. 2023 was €0.01 Mil.

Grab2Go AS Receivables Turnover Historical Data

The historical data trend for Grab2Go AS'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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Grab2Go AS Receivables Turnover Chart

Grab2Go AS Annual Data

Trend

Dec21

Dec22

Receivables Turnover

0.31

Grab2Go AS Semi-Annual Data
	Jun22	Dec22	Jun23
Receivables Turnover	-	1.29	-

Competitive Comparison of Grab2Go AS's Receivables Turnover

For the Business Equipment & Supplies subindustry, Grab2Go AS'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.

Grab2Go AS's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Grab2Go AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Grab2Go AS's Receivables Turnover falls into.

Grab2Go AS Receivables Turnover Calculation

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

Grab2Go AS'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 )
=	0.009	/ (	(0.052	+	0.007)	/	2 )
=	0.009	/	0.0295
=	0.31

Grab2Go AS's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0	/ (	(0.007	+	0.005)	/	2 )
=	0	/	0.006
=	N/A

Grab2Go AS (OTSE:GRB2G) 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.

Grab2Go AS Receivables Turnover Related Terms

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Grab2Go AS (OTSE:GRB2G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grab2Go AS (OTSE:GRB2G) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veskiposti tn 2-1002, Harju maakond, Tallinn, EST, 10138

Website

https://www.grab2go.eu

Grab2Go AS develops and manufactures autonomous, unmanned and robotic convenience store and pharmacy technology. Its technology and solutions make it possible to achieve a significant increase in efficiency, resource savings and a better consumer experience in the operation of convenience stores, pharmacies and other similar points of sale. The company has developed a completely unique Cloud Platform to remotely manage and operate Its Autonomous Stores in Real-Time. Grab2Go earns revenue from the sale of hardware solutions (machines) (one-time revenue), maintenance of hardware solutions (machines) (periodic payments), licensing of software solutions (periodic payments) and software development.

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