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

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What is Elektrokrajina AD 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. 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 Receivables Turnover Historical Data

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.

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Elektrokrajina AD Receivables Turnover Chart

Elektrokrajina AD Annual Data

Trend

Dec17

Dec18

Dec19

Dec21

Dec22

Dec23

Receivables Turnover

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2.18

3.00

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	-	5.99	7.89

Competitive Comparison of Elektrokrajina AD's Receivables Turnover

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's Receivables Turnover Distribution in the 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.

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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 Total Inventories
=	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 Total Inventories
=	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

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

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Elektrokrajina AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Elektrokrajina AD (XBLB:EKBL-R-A) » Definitions » Receivables Turnover

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Address

95 Kralja Petra I Karayoryeviya Street, Banja Luka, BIH, 78000

Website

https://www.elektrokrajina.com

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.

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