Scandinavian Astor Group AB (XSAT:ASTOR) Receivables Turnover : 1.68 (As of Mar. 2024)

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What is Scandinavian Astor Group 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. Scandinavian Astor Group AB's Revenue for the three months ended in Mar. 2024 was kr36.4 Mil. Scandinavian Astor Group AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr21.6 Mil. Hence, Scandinavian Astor Group AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.68.

Scandinavian Astor Group AB Receivables Turnover Historical Data

The historical data trend for Scandinavian Astor Group 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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Scandinavian Astor Group AB Receivables Turnover Chart

Scandinavian Astor Group AB Annual Data

Trend

Dec22

Dec23

Receivables Turnover

4.36

4.86

Scandinavian Astor Group AB Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial				1.41	1.81	1.64	1.15	1.68

Competitive Comparison of Scandinavian Astor Group AB's Receivables Turnover

For the Aerospace & Defense subindustry, Scandinavian Astor Group 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.

Scandinavian Astor Group AB's Receivables Turnover Distribution in the Aerospace & Defense Industry

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

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

Scandinavian Astor Group AB Receivables Turnover Calculation

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

Scandinavian Astor Group 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 )
=	83.009	/ (	(12.118	+	22.015)	/	2 )
=	83.009	/	17.0665
=	4.86

Scandinavian Astor Group 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 )
=	36.427	/ (	(22.015	+	21.254)	/	2 )
=	36.427	/	21.6345
=	1.68

Scandinavian Astor Group AB (XSAT:ASTOR) 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 Astor Group AB Receivables Turnover Related Terms

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Scandinavian Astor Group AB (XSAT:ASTOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Scandinavian Astor Group AB (XSAT:ASTOR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

Y73:Germany

Address

Torshamnsgatan 9, Kista, Stockholm, SWE, 164 40

Website

https://www.astorgroup.se

Scandinavian Astor Group AB is a Swedish industrial and defense group. The company's industrial part manufactures advanced composite solutions on behalf of customers with applications in the marine, aviation, and defense industries. The military part develops, produces, and sells radar jamming systems for training purposes.

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