Fortum Oyj (LTS:0HAH) Receivables Turnover

: 1.90 (As of Dec. 2023)

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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. Fortum Oyj's Revenue for the three months ended in Dec. 2023 was €1,858 Mil. Fortum Oyj's average Accounts Receivable for the three months ended in Dec. 2023 was €976 Mil. Hence, Fortum Oyj's Receivables Turnover for the three months ended in Dec. 2023 was 1.90.

Fortum Oyj Receivables Turnover Historical Data

The historical data trend for Fortum Oyj'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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Fortum Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.09

10.17

0.59

1.07

4.89

Fortum Oyj 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															1.82	1.68	1.21	1.45	1.90

Competitive Comparison

For the Utilities - Renewable subindustry, Fortum Oyj'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.

Fortum Oyj Receivables Turnover Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fortum Oyj's Receivables Turnover falls into.

Fortum Oyj Receivables Turnover Calculation

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

Fortum Oyj'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 )
=	6711	/ (	(1625	+	1120)	/	2 )
=	6711	/	1372.5
=	4.89

Fortum Oyj'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 )
=	1858	/ (	(831	+	1120)	/	2 )
=	1858	/	975.5
=	1.90

Fortum Oyj (LTS:0HAH) 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.

Fortum Oyj Receivables Turnover Related Terms

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Fortum Oyj (LTS:0HAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Fortum Oyj (LTS:0HAH) » Definitions » Receivables Turnover

Traded in Other Exchanges

FOJCY:USA FOJCF:USA FORTUM:Mexico 1FORT:Italy FORTMh:UK FORTUM:Finland FOT0:Germany

Address

Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, FI-00048

Website

https://www.fortum.com

Fortum Oyj is a Finnish energy company that operates power plants, which use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, City Solutions, Consumer Solutions, Russia, and Other.

Fortum Oyj (LTS:0HAH) Headlines

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