Harju Elekter Group (OTSE:HAE1T) Receivables Turnover : 1.40 (As of Mar. 2025)

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What is Harju Elekter Group 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. Harju Elekter Group's Revenue for the three months ended in Mar. 2025 was €37.4 Mil. Harju Elekter Group's average Accounts Receivable for the three months ended in Mar. 2025 was €26.7 Mil. Hence, Harju Elekter Group's Receivables Turnover for the three months ended in Mar. 2025 was 1.40.

Harju Elekter Group Receivables Turnover Historical Data

The historical data trend for Harju Elekter Group'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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Harju Elekter Group Receivables Turnover Chart

Harju Elekter Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.61

7.35

8.24

9.43

8.97

Harju Elekter Group Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															1.28	1.16	0.93	1.10	1.40

Competitive Comparison of Harju Elekter Group's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Harju Elekter Group'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.

Harju Elekter Group's Receivables Turnover Distribution in the Industrial Products Industry

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

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

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Harju Elekter Group Receivables Turnover Calculation

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

Harju Elekter Group's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	174.712	/ (	(23.878	+	15.066)	/	2 )
=	174.712	/	19.472
=	8.97

Harju Elekter Group's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	37.427	/ (	(15.066	+	38.351)	/	2 )
=	37.427	/	26.7085
=	1.40

Harju Elekter Group (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.

Harju Elekter Group Receivables Turnover Related Terms

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Harju Elekter Group Business Description

Industry

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Address

Paldiski maantee 31/2, Keila, EST, 76606

Website

https://www.harjuelekter.com

Harju Elekter Group is an Estonia-based company engaged in the production of electrical equipment. The company operates in two segments including Production and Real estate. Production segment are the design, sale, manufacturing and after-sales service of power distribution, switching and converting devices, as well as automation, process control and industrial control equipment. production segment are the design, sale, manufacturing and after-sales service of power distribution, switching and converting devices, as well as automation, process control and industrial control equipment. Its Other activities include the management of financial investments, electrical installation works in shipbuilding, and the retail and project sales of electrical goods.

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