Quantafuel AS (Quantafuel AS) Receivables Turnover : 2.12 (As of Sep. 2023)

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What is Quantafuel 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. Quantafuel AS's Revenue for the three months ended in Sep. 2023 was $1.72 Mil. Quantafuel AS's average Accounts Receivable for the three months ended in Sep. 2023 was $0.81 Mil. Hence, Quantafuel AS's Receivables Turnover for the three months ended in Sep. 2023 was 2.12.

Quantafuel AS Receivables Turnover Historical Data

The historical data trend for Quantafuel 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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Quantafuel AS Receivables Turnover Chart

Quantafuel AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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0.16

2.49

0.48

2.13

Quantafuel AS Quarterly Data
	Dec17	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.18	0.98	1.02	1.64	2.12

Competitive Comparison of Quantafuel AS's Receivables Turnover

For the Waste Management subindustry, Quantafuel 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.

Quantafuel AS's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Quantafuel AS's Receivables Turnover distribution charts can be found below:

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

Quantafuel AS Receivables Turnover Calculation

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

Quantafuel 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 )
=	5.409	/ (	(2.018	+	3.06)	/	2 )
=	5.409	/	2.539
=	2.13

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

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1.717	/ (	(0.901	+	0.721)	/	2 )
=	1.717	/	0.811
=	2.12

Quantafuel AS (OTCPK:QNTFF) 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.

Quantafuel AS Receivables Turnover Related Terms

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Quantafuel AS (Quantafuel AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Quantafuel AS (OTCPK:QNTFF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

QFUEL:Norway 49Q:Germany

Address

Lilleakerveien 2C, Oslo, NOR, 0283

Website

https://www.quantafuel.com

Quantafuel AS is a Norwegian technology company that develops, designs, and operates production facilities to produce synthetic fuels and chemical products based on non-recyclable waste. The company converts waste plastic into low-carbon synthetic oil products replacing virgin oil products.