GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Harm Reduction Group (XSAT:NOHARM) » Definitions » Receivables Turnover

Harm Reduction Group (XSAT:NOHARM) Receivables Turnover : 2.97 (As of Sep. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Harm Reduction Group 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. Harm Reduction Group's Revenue for the three months ended in Sep. 2024 was kr30.5 Mil. Harm Reduction Group's average Accounts Receivable for the three months ended in Sep. 2024 was kr10.3 Mil. Hence, Harm Reduction Group's Receivables Turnover for the three months ended in Sep. 2024 was 2.97.


Harm Reduction Group Receivables Turnover Historical Data

The historical data trend for Harm Reduction Group'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.

* Premium members only.

Harm Reduction Group Receivables Turnover Chart

Harm Reduction Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 148.68 47.49 19.27

Harm Reduction Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.28 4.11 3.37 3.22 2.97

Competitive Comparison of Harm Reduction Group's Receivables Turnover

For the Tobacco subindustry, Harm Reduction Group'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.


Harm Reduction Group's Receivables Turnover Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Harm Reduction Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Harm Reduction Group's Receivables Turnover falls into.



Harm Reduction Group Receivables Turnover Calculation

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

Harm Reduction Group'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 )
=168.741 / ((6.943 + 10.57) / 2 )
=168.741 / 8.7565
=19.27

Harm Reduction Group's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=30.491 / ((9.984 + 10.58) / 2 )
=30.491 / 10.282
=2.97

* 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.


Harm Reduction Group  (XSAT:NOHARM) 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.


Harm Reduction Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Harm Reduction Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Harm Reduction Group Business Description

Traded in Other Exchanges
Address
Sodra Larmgatan 4, Gothenburg, SWE, 411 16
Harm Reduction Group operates in the non-smoking segment. The product range includes snus and e-cigarettes among others. It sells its products via physical stores, online stores and wholesale departments around the Nordic region.

Harm Reduction Group Headlines

No Headlines