Audientes AS (XSAT:AUDNTS) Receivables Turnover : 2.96 (As of Dec. 2024)

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What is Audientes 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. Audientes AS's Revenue for the three months ended in Dec. 2024 was kr0.97 Mil. Audientes AS's average Accounts Receivable for the three months ended in Dec. 2024 was kr0.33 Mil. Hence, Audientes AS's Receivables Turnover for the three months ended in Dec. 2024 was 2.96.

Audientes AS Receivables Turnover Historical Data

The historical data trend for Audientes 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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Audientes AS Receivables Turnover Chart

Audientes AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.50

5.16

Audientes AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.61	0.64	0.62	0.77	2.96

Competitive Comparison of Audientes AS's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Audientes 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.

Audientes AS's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Audientes AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Audientes AS's Receivables Turnover falls into.

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Audientes AS Receivables Turnover Calculation

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

Audientes AS's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1.698	/ (	(0.355	+	0.303)	/	2 )
=	1.698	/	0.329
=	5.16

Audientes AS's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	0.966	/ (	(0.349	+	0.303)	/	2 )
=	0.966	/	0.326
=	2.96

Audientes AS (XSAT:AUDNTS) 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.

Audientes AS Receivables Turnover Related Terms

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Audientes AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Audientes AS (XSAT:AUDNTS) » Definitions » Receivables Turnover

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Address

Teknikerbyen 5, Virum, DNK, 2830

Website

https://www.audientes.com

Audientes AS is a technology company specializing in smart, self-fitting, and affordable hearing aids. Audientes' hearing aid solution Ven, is available for purchase in the Indian market, online, and in retail, and will be introduced to the U.S. over-the-counter market and other markets. The company's mission is to help the approximately 500 million people globally suffering from disabling hearing loss who either cannot afford to buy one of the very expensive hearing aids on the market.

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