Elektrokrajina AD (XBLB:EKBL-R-A) Receivables Turnover: 7.89 (As of Dec. 2023)

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What is Elektrokrajina AD Receivables Turnover?

Elektrokrajina AD XBLB:EKBL-R-A Receivables Turnover is 7.89 as of Dec. 2023.

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. Elektrokrajina AD's Revenue for the six months ended in Dec. 2023 was BAM150.0 Mil. Elektrokrajina AD's average Accounts Receivable for the six months ended in Dec. 2023 was BAM19.0 Mil. Hence, Elektrokrajina AD's Receivables Turnover for the six months ended in Dec. 2023 was 7.89.


Elektrokrajina AD  (XBLB:EKBL-R-A) 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.


Elektrokrajina AD Receivables Turnover Related Terms


Elektrokrajina AD Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Elektrokrajina AD'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.

Elektrokrajina AD Receivables Turnover Chart

Elektrokrajina AD Annual Data
Trend Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 2.18 3.00 0.00 5.99 7.89

Elektrokrajina AD Semi-Annual Data
Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Receivables Turnover Get a 7-Day Free Trial 2.18 3.00 0.00 5.99 7.89

XBLB:EKBL-R-A vs NEE, SO, DUK: Receivables Turnover Comparison

For the Utilities - Regulated Electric subindustry, Elektrokrajina AD'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.


Elektrokrajina AD Receivables Turnover vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Elektrokrajina AD's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Elektrokrajina AD's Receivables Turnover falls into.



Elektrokrajina AD Receivables Turnover Calculation

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

Elektrokrajina AD's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=149.98 / ((23.3 + 14.708) / 2 )
=149.98 / 19.004
=7.89

Elektrokrajina AD's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=149.98 / ((23.3 + 14.708) / 2 )
=149.98 / 19.004
=7.89

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 7.89 mean?
Elektrokrajina AD (XBLB:EKBL-R-A) has a Receivables Turnover of 7.89 as of Dec. 2023. The accounts 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. View historical data on Elektrokrajina AD and its competitors.
Is Elektrokrajina AD's Receivables Turnover too high?
Elektrokrajina AD's current Receivables Turnover is 7.89. The Utilities - Regulated industry median Receivables Turnover is 6.76. Elektrokrajina AD's value of 7.89 is 16.8% above this industry median.
How does Elektrokrajina AD's Receivables Turnover compare to NEE and SO?
Elektrokrajina AD's Receivables Turnover of 7.89 can be compared against companies in the Utilities - Regulated industry. The industry median Receivables Turnover is 6.76. Elektrokrajina AD's value of 7.89 is 16.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Utilities - Regulated company?
The median Receivables Turnover among Utilities - Regulated companies is 6.76, based on 496 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elektrokrajina AD's current Receivables Turnover of 7.89 is 16.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Elektrokrajina AD and its competitors. For the Utilities - Regulated industry, the median Receivables Turnover is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elektrokrajina AD's current Receivables Turnover is 7.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elektrokrajina AD stock overvalued right now?
Elektrokrajina AD (XBLB:EKBL-R-A) has a current Receivables Turnover of 7.89. The current Receivables Turnover is 7.89 and 16.8% above the Utilities - Regulated industry median of 6.76. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Elektrokrajina AD (XBLB:EKBL-R-A), the current Receivables Turnover is 7.89 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Elektrokrajina AD Business Description

Address 95 Kralja Petra I Karayoryeviya Street, Banja Luka, BIH, 78000
Elektrokrajina AD is an electricity distribution company operating in Bosnia and Herzegovina. The activities of the company include distribution and supply of electricity and designing power facilities as well as building and maintaining them.