STBGY (Scandinavian Tobacco Group AS) Receivables Turnover : 2.22 (As of Sep. 2024)

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What is Scandinavian Tobacco Group 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. Scandinavian Tobacco Group AS's Revenue for the three months ended in Sep. 2024 was $362 Mil. Scandinavian Tobacco Group AS's average Accounts Receivable for the three months ended in Sep. 2024 was $163 Mil. Hence, Scandinavian Tobacco Group AS's Receivables Turnover for the three months ended in Sep. 2024 was 2.22.

Scandinavian Tobacco Group AS Receivables Turnover Historical Data

The historical data trend for Scandinavian Tobacco Group 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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Scandinavian Tobacco Group AS Receivables Turnover Chart

Scandinavian Tobacco Group AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.02

10.27

9.43

9.77

9.57

Scandinavian Tobacco Group AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.03	2.21	1.98	2.31	2.22

Competitive Comparison of Scandinavian Tobacco Group AS's Receivables Turnover

For the Tobacco subindustry, Scandinavian Tobacco Group 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.

Scandinavian Tobacco Group AS's Receivables Turnover Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Scandinavian Tobacco Group AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Scandinavian Tobacco Group AS's Receivables Turnover falls into.

Scandinavian Tobacco Group AS Receivables Turnover Calculation

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

Scandinavian Tobacco Group AS'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 )
=	1277.419	/ (	(125.959	+	140.999)	/	2 )
=	1277.419	/	133.479
=	9.57

Scandinavian Tobacco Group AS's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	361.789	/ (	(149.778	+	176.481)	/	2 )
=	361.789	/	163.1295
=	2.22

Scandinavian Tobacco Group AS (OTCPK:STBGY) 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.

Scandinavian Tobacco Group AS Receivables Turnover Related Terms

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Scandinavian Tobacco Group AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Scandinavian Tobacco Group AS (OTCPK:STBGY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SNDVF:USA STGc:UK 0RES:UK STG:Denmark 8ZI:Germany

Address

Sandtoften 9, Gentofte, DNK, 2820

Website

https://www.st-group.com

Scandinavian Tobacco Group AS offers cigars, pipe tobacco, and accessories in North America, Europe, and Australia. It operates in three segments: North America online and retail, which primarily sells handmade cigars and accessories in stores and online; North America branded and the Rest of the World, which provides its products to wholesalers and distributors; Europe Branded comprises sale of all product categories to wholesalers, distributors and direct to retail in Germany, Denmark, Sweden, France, Italy, Belgium, the Netherlands, Luxembourg, Spain, Portugal, the UK, and Ireland.