Evolution AB (OSTO:EVO) Receivables Turnover : 1.35 (As of Mar. 2024)

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What is Evolution AB 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. Evolution AB's Revenue for the three months ended in Mar. 2024 was kr5,675 Mil. Evolution AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr4,194 Mil. Hence, Evolution AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.35.

Evolution AB Receivables Turnover Historical Data

The historical data trend for Evolution AB'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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Evolution AB Receivables Turnover Chart

Evolution AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.47

5.94

6.68

6.27

5.80

Evolution AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.54	1.49	1.42	1.37	1.35

Competitive Comparison of Evolution AB's Receivables Turnover

For the Gambling subindustry, Evolution AB'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.

Evolution AB's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Evolution AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Evolution AB's Receivables Turnover falls into.

Evolution AB Receivables Turnover Calculation

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

Evolution AB'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 )
=	20119.225	/ (	(3045.371	+	3897.441)	/	2 )
=	20119.225	/	3471.406
=	5.80

Evolution AB'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	5674.736	/ (	(3897.441	+	4490.609)	/	2 )
=	5674.736	/	4194.025
=	1.35

Evolution AB (OSTO:EVO) 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.

Evolution AB Receivables Turnover Related Terms

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Evolution AB (OSTO:EVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Evolution AB (OSTO:EVO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EVGGF:USA EVVTY:USA EVO:Mexico EVOs:UK 0RQ6:UK E3G1:Germany

Address

Hamngatan 11, Stockholm, SWE, SE-111 47

Website

https://www.evolution.com

Evolution AB is a B2B provider of live and slots casino systems. The Company develops, produces, markets, and licenses fully integrated online casino systems to gaming operators. The company provides business-to-business solutions, which it develops and produces for gaming operators. Evolution's primary product, Live Casino, allows a human dealer to run a real-time casino table, which is then streamed to digital devices. Players can then place bets on desktops, smartphones, and tablets and communicate with the dealer through Evolution's software. The company's services are licensed to casino operators. The company generates the vast majority of its revenue from Asia.