DSV AS (OCSE:DSV) Receivables Turnover

: 1.65 (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. DSV AS's Revenue for the three months ended in Dec. 2023 was kr36,528 Mil. DSV AS's average Accounts Receivable for the three months ended in Dec. 2023 was kr22,153 Mil. Hence, DSV AS's Receivables Turnover for the three months ended in Dec. 2023 was 1.65.

DSV AS Receivables Turnover Historical Data

The historical data trend for DSV AS'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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DSV AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.01

6.22

6.58

6.86

5.51

DSV AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover																1.43	1.39	1.49	1.54	1.65

Competitive Comparison

For the Integrated Freight & Logistics subindustry, DSV AS'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.

DSV AS Receivables Turnover Distribution

For the Transportation industry and Industrials sector, DSV AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where DSV AS's Receivables Turnover falls into.

DSV AS Receivables Turnover Calculation

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

DSV AS'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 )
=	150785	/ (	(32387	+	22296)	/	2 )
=	150785	/	27341.5
=	5.51

DSV AS'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 )
=	36528	/ (	(22010	+	22296)	/	2 )
=	36528	/	22153
=	1.65

DSV AS (OCSE:DSV) 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.

DSV AS Receivables Turnover Related Terms

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DSV AS (OCSE:DSV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DSV AS (OCSE:DSV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DSDVY:USA DSDVF:USA 0JN9:Mexico DSVc:UK 0JN9:UK DS81:Germany

Address

Hovedgaden 630, Hedehusene, DNK, 2640

Website

https://www.dsv.com

DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, sea, and train, with the bulk of its activities coming from its European trucking network and airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has grown rapidly, mainly via acquisitions. The company has been active in the mergers and acquisitions segment, most recently acquiring peer GIL in 2021. This acquisition further diversifies its revenue base away from European road freight and adds scale in key regions such as the Middle East. It also moves DSV into third spot among the largest 3PL firms globally.

DSV AS (OCSE:DSV) Headlines

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