AS Harju Elekter (OTSE:HAE1T) Receivables Turnover : 1.28 (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is AS Harju Elekter 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 Harju Elekter's Revenue for the three months ended in Mar. 2024 was €46.8 Mil. AS Harju Elekter's average Accounts Receivable for the three months ended in Mar. 2024 was €36.5 Mil. Hence, AS Harju Elekter's Receivables Turnover for the three months ended in Mar. 2024 was 1.28.

AS Harju Elekter Receivables Turnover Historical Data

The historical data trend for AS Harju Elekter'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.

AS Harju Elekter Receivables Turnover Chart

AS Harju Elekter Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

7.90

7.61

7.35

8.24

9.43

AS Harju Elekter Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.51	1.49	1.39	1.53	1.28

Competitive Comparison of AS Harju Elekter's Receivables Turnover

For the Electrical Equipment & Parts subindustry, AS Harju Elekter'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 Harju Elekter's Receivables Turnover Distribution in the Industrial Products Industry

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

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

AS Harju Elekter Receivables Turnover Calculation

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

AS Harju Elekter'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 )
=	209.014	/ (	(20.472	+	23.878)	/	2 )
=	209.014	/	22.175
=	9.43

AS Harju Elekter'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 )
=	46.775	/ (	(23.878	+	49.05)	/	2 )
=	46.775	/	36.464
=	1.28

AS Harju Elekter (OTSE:HAE1T) 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 Harju Elekter Receivables Turnover Related Terms

Thank you for viewing the detailed overview of AS Harju Elekter's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

AS Harju Elekter (OTSE:HAE1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AS Harju Elekter (OTSE:HAE1T) » Definitions » Receivables Turnover

Traded in Other Exchanges

HD8:Germany

Address

Paldiski maantee 31, Keila, EST, 76606

Website

https://www.harjuelekter.com

AS Harju Elekter is an Estonia-based company engaged in the production of electrical equipment. The company operates in two segments including Production and Real estate. The Production segment includes factories producing power distribution and control equipment in Estonia, Finland, Sweden, and Lithuania. The core production of factories consists of equipment for the distribution of medium and low-voltage electricity, various electrical power switching and conversion devices, and automation and control centers for use by the energy, industrial, and maritime sectors, and infrastructure objects. The Real estate segment includes the development, project management, leasing, and other related services of industrial real estate for leasing partners and the group's companies.

AS Harju Elekter (OTSE:HAE1T) Headlines

No Headlines