Saab AB (Saab AB) Receivables Turnover : 1.97 (As of Mar. 2024)

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What is Saab 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. Saab AB's Revenue for the three months ended in Mar. 2024 was $1,362 Mil. Saab AB's average Accounts Receivable for the three months ended in Mar. 2024 was $692 Mil. Hence, Saab AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.97.

Saab AB Receivables Turnover Historical Data

The historical data trend for Saab 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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Saab AB Receivables Turnover Chart

Saab AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.67

8.17

7.60

6.58

7.81

Saab AB 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															2.08	2.24	1.83	2.45	1.97

Competitive Comparison of Saab AB's Receivables Turnover

For the Aerospace & Defense subindustry, Saab 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.

Saab AB's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Saab AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Saab AB's Receivables Turnover falls into.

Saab AB Receivables Turnover Calculation

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

Saab 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 )
=	5031.294	/ (	(582.482	+	706.208)	/	2 )
=	5031.294	/	644.345
=	7.81

Saab AB'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 )
=	1362.462	/ (	(706.208	+	677.917)	/	2 )
=	1362.462	/	692.0625
=	1.97

Saab AB (OTCPK:SAABF) 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.

Saab AB Receivables Turnover Related Terms

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Saab AB (Saab AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Saab AB (OTCPK:SAABF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SAABY:USA SAAB B:Sweden SAABB:Mexico 0GWL:UK SDV:Germany

Address

Olof Palmes gata 17, 5th Floor, Stockholm, SWE, SE-111 22

Website

https://www.saab.com

Saab AB supplies products and services for military, defense, and civil security. The company operates within six segments: Aeronautics, Dynamics, Surveillance, Support and Services, Industrial Products and Services, and Kockums. Aeronautics involves the manufacturing of defense and commercial aerial systems. Dynamics produces combat weapons and defense training and management systems. The Surveillance segment supplies security services. Support and Services offers solutions related to civil and military missions. IPS creates traffic management technology and aviation parts. Kockums offers solutions for naval missions. Over three quarters of its sales are from the defense sector. The company sells to multiple geographic regions, but over half of its sales come from Europe.

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