Oron Group Investments & Holdings (XTAE:ORON) Receivables Turnover : 0.91 (As of Mar. 2024)

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What is Oron Group Investments & Holdings 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. Oron Group Investments & Holdings's Revenue for the three months ended in Mar. 2024 was ₪377 Mil. Oron Group Investments & Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was ₪413 Mil. Hence, Oron Group Investments & Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 0.91.

Oron Group Investments & Holdings Receivables Turnover Historical Data

The historical data trend for Oron Group Investments & Holdings'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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Oron Group Investments & Holdings Receivables Turnover Chart

Oron Group Investments & Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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3.20

3.69

3.65

3.63

4.53

Oron Group Investments & Holdings Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									1.35	1.04	1.00	1.17	0.91

Competitive Comparison of Oron Group Investments & Holdings's Receivables Turnover

For the Engineering & Construction subindustry, Oron Group Investments & Holdings'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.

Oron Group Investments & Holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Oron Group Investments & Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Oron Group Investments & Holdings's Receivables Turnover falls into.

Oron Group Investments & Holdings Receivables Turnover Calculation

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

Oron Group Investments & Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	1207.114	/ (	(249.879	+	283.338)	/	2 )
=	1207.114	/	266.6085
=	4.53

Oron Group Investments & Holdings'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	376.981	/ (	(397.74	+	427.622)	/	2 )
=	376.981	/	412.681
=	0.91

Oron Group Investments & Holdings (XTAE:ORON) 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.

Oron Group Investments & Holdings Receivables Turnover Related Terms

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Oron Group Investments & Holdings (XTAE:ORON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Oron Group Investments & Holdings Ltd (XTAE:ORON) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Yehuda Hanachtom Street, Beltech Building, Beersheba, ISR

Website

http://www.oron-group.co.il

Oron Group Investments & Holdings Ltd is a civil engineering and development company. It is engaged in infrastructure, civil engineering, industrial and residential construction. The Company manages several companies and subsidiaries in the field of civil engineering,industry, infrastructure, development and contracting. It has engineering projects in Israel and abroad.

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