AF Gruppen ASA (FRA:AF8) Receivables Turnover : 1.49 (As of Dec. 2023)

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What is AF Gruppen ASA 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. AF Gruppen ASA's Revenue for the three months ended in Dec. 2023 was €696 Mil. AF Gruppen ASA's average Accounts Receivable for the three months ended in Dec. 2023 was €466 Mil. Hence, AF Gruppen ASA's Receivables Turnover for the three months ended in Dec. 2023 was 1.49.

AF Gruppen ASA Receivables Turnover Historical Data

The historical data trend for AF Gruppen ASA'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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AF Gruppen ASA Receivables Turnover Chart

AF Gruppen ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.18

6.46

7.06

7.04

6.06

AF Gruppen ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.64	1.35	1.31	1.24	1.49

Competitive Comparison of AF Gruppen ASA's Receivables Turnover

For the Engineering & Construction subindustry, AF Gruppen ASA'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.

AF Gruppen ASA's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, AF Gruppen ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AF Gruppen ASA's Receivables Turnover falls into.

AF Gruppen ASA Receivables Turnover Calculation

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

AF Gruppen ASA'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 )
=	2621.205	/ (	(425.273	+	439.924)	/	2 )
=	2621.205	/	432.5985
=	6.06

AF Gruppen ASA's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	695.656	/ (	(491.447	+	439.924)	/	2 )
=	695.656	/	465.6855
=	1.49

AF Gruppen ASA (FRA:AF8) 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.

AF Gruppen ASA Receivables Turnover Related Terms

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AF Gruppen ASA (FRA:AF8) Business Description

Industry

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Traded in Other Exchanges

AGRUF:USA AFGO:Sweden AFG:Norway

Address

Innspurten 15, P.O. box 6272, Oslo, NOR, 0663

Website

https://www.afgruppen.com

AF Gruppen ASA A is one of Norway's leading contracting and industrial groups. It provides civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants. AF Gruppen's customers are primarily public agencies and private companies.

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