Panevezio statybos trestas AB (OVSE:PTR1L) Receivables Turnover : 3.01 (As of Dec. 2023)

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What is Panevezio statybos trestas 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. Panevezio statybos trestas AB's Revenue for the six months ended in Dec. 2023 was €60.1 Mil. Panevezio statybos trestas AB's average Accounts Receivable for the six months ended in Dec. 2023 was €20.0 Mil. Hence, Panevezio statybos trestas AB's Receivables Turnover for the six months ended in Dec. 2023 was 3.01.

Panevezio statybos trestas AB Receivables Turnover Historical Data

The historical data trend for Panevezio statybos trestas 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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Panevezio statybos trestas AB Receivables Turnover Chart

Panevezio statybos trestas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.46

4.50

7.49

7.28

7.25

Panevezio statybos trestas AB Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.97	3.35	3.50	2.95	3.01

Competitive Comparison of Panevezio statybos trestas AB's Receivables Turnover

For the Engineering & Construction subindustry, Panevezio statybos trestas 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.

Panevezio statybos trestas AB's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Panevezio statybos trestas AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Panevezio statybos trestas AB's Receivables Turnover falls into.

Panevezio statybos trestas AB Receivables Turnover Calculation

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

Panevezio statybos trestas 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 )
=	119.828	/ (	(16.759	+	16.319)	/	2 )
=	119.828	/	16.539
=	7.25

Panevezio statybos trestas AB's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	60.138	/ (	(23.685	+	16.319)	/	2 )
=	60.138	/	20.002
=	3.01

Panevezio statybos trestas AB (OVSE:PTR1L) 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.

Panevezio statybos trestas AB Receivables Turnover Related Terms

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Panevezio statybos trestas AB (OVSE:PTR1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Panevezio statybos trestas AB (OVSE:PTR1L) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

P. Puzino street 1, Panevezys, LTU, LT-35173

Website

https://www.pst.lt

Panevezio statybos trestas AB operates in the construction industry. The business activity of the group includes the construction of buildings, constructions, other facilities, and networks, as well as the sale of building materials, development of the real estate. In addition to this activity, the company is also engaged in the rental of premises and machinery. The company reports in the following segments: Construction, Steel structures, Timber panel houses, Concrete floor installations, Aluminium structure production, Real estate development, and other activity. Geographically, the company operates in Lithuania, Russia, Scandinavian countries, and other countries, out of which Lithuania accounts for the majority of the revenue.

Panevezio statybos trestas AB (OVSE:PTR1L) Headlines

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