Evendo AB (XSAT:EVENDO B) Receivables Turnover : 0.52 (As of Mar. 2018)

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What is Evendo 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. Evendo AB's Revenue for the three months ended in Mar. 2018 was kr1.35 Mil. Evendo AB's average Accounts Receivable for the three months ended in Mar. 2018 was kr2.59 Mil. Hence, Evendo AB's Receivables Turnover for the three months ended in Mar. 2018 was 0.52.

Evendo AB Receivables Turnover Historical Data

The historical data trend for Evendo 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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Evendo AB Receivables Turnover Chart

Evendo AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Receivables Turnover

3.24

2.18

3.59

3.02

Evendo AB Quarterly Data
	Dec14	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
Receivables Turnover	Get a 7-Day Free Trial							0.72	0.58	0.76	0.53	0.52

Competitive Comparison of Evendo AB's Receivables Turnover

For the Advertising Agencies subindustry, Evendo 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.

Evendo AB's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Evendo AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Evendo AB's Receivables Turnover falls into.

Evendo AB Receivables Turnover Calculation

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

Evendo AB's Receivables Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Receivables Turnover (A: Dec. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2017 )	/ (	(Accounts Receivable (A: Dec. 2016 )	+	Accounts Receivable (A: Dec. 2017 ))	/	count )
=	5.693	/ (	(1.409	+	2.356)	/	2 )
=	5.693	/	1.8825
=	3.02

Evendo AB's Receivables Turnover for the quarter that ended in Mar. 2018 is calculated as

	Receivables Turnover (Q: Mar. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2018 )	/ (	(Accounts Receivable (Q: Dec. 2017 )	+	Accounts Receivable (Q: Mar. 2018 ))	/	count )
=	1.351	/ (	(2.356	+	2.828)	/	2 )
=	1.351	/	2.592
=	0.52

Evendo AB (XSAT:EVENDO B) 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.

Evendo AB Receivables Turnover Related Terms

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Evendo AB (XSAT:EVENDO B) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

https://www.adonnews.com

Adonnews Sweden AB, formerly known as Mobile Loyalty Holding AB is a media technology company. The company's product ADONnews business system enables news media and web sites to meet the needs of Small and medium enterprises to reach their local customers through the computer, tablet and mobile phone in an easy and cost-effective way.

Evendo AB (XSAT:EVENDO B) Headlines

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