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Pharmiva AB (OSTO:PHARM) Receivables Turnover : 0.53 (As of Jun. 2023)


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What is Pharmiva 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. Pharmiva AB's Revenue for the three months ended in Jun. 2023 was kr0.90 Mil. Pharmiva AB's average Accounts Receivable for the three months ended in Jun. 2023 was kr1.71 Mil. Hence, Pharmiva AB's Receivables Turnover for the three months ended in Jun. 2023 was 0.53.


Pharmiva AB Receivables Turnover Historical Data

The historical data trend for Pharmiva 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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Pharmiva AB Receivables Turnover Chart

Pharmiva AB Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Receivables Turnover
- - 3.59 3.96

Pharmiva AB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.66 0.38 0.75 0.74 0.53

Competitive Comparison of Pharmiva AB's Receivables Turnover

For the Biotechnology subindustry, Pharmiva 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.


Pharmiva AB's Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Pharmiva AB's Receivables Turnover distribution charts can be found below:

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



Pharmiva AB Receivables Turnover Calculation

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

Pharmiva AB's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=2.628 / ((0.069 + 1.258) / 2 )
=2.628 / 0.6635
=3.96

Pharmiva AB's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=0.897 / ((1.668 + 1.743) / 2 )
=0.897 / 1.7055
=0.53

* 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.


Pharmiva AB  (OSTO:PHARM) 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.


Pharmiva AB Receivables Turnover Related Terms

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Pharmiva AB (OSTO:PHARM) Business Description

Traded in Other Exchanges
N/A
Address
Sankt Lars Väg 45B, Lund, SWE, 222 70
Pharmiva AB is a medical technology company. It develops innovative antibiotic-free medical products in order to improve vaginal health.

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