Novo Nordisk A/S (Novo Nordisk A/S) Receivables Turnover : 1.13 (As of Dec. 2023)

Novo Nordisk A/S Receivables Turnover Chart

Novo Nordisk A/S Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Receivables Turnover		Get a 7-Day Free Trial					5.06	5.04	3.99	3.77	4.08

Novo Nordisk A/S 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															1.03	1.06	0.98	1.02	1.13

Competitive Comparison of Novo Nordisk A/S's Receivables Turnover

For the Biotechnology subindustry, Novo Nordisk A/S'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.

Novo Nordisk A/S's Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Novo Nordisk A/S's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Novo Nordisk A/S's Receivables Turnover falls into.

Novo Nordisk A/S Receivables Turnover Calculation

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

Novo Nordisk A/S's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Novo Nordisk A/S's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

* 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.

Novo Nordisk A/S  (NYSE:NVO) 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.

Novo Nordisk A/S Receivables Turnover Related Terms

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Novo Nordisk A/S (Novo Nordisk A/S) Business Description