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Aker Carbon Capture ASA (Aker Carbon Capture ASA) Receivables Turnover : 3.39 (As of Mar. 2024)


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What is Aker Carbon Capture ASA 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. Aker Carbon Capture ASA's Revenue for the three months ended in Mar. 2024 was $53.4 Mil. Aker Carbon Capture ASA's average Accounts Receivable for the three months ended in Mar. 2024 was $15.7 Mil. Hence, Aker Carbon Capture ASA's Receivables Turnover for the three months ended in Mar. 2024 was 3.39.


Aker Carbon Capture ASA Receivables Turnover Historical Data

The historical data trend for Aker Carbon Capture ASA'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.

* Premium members only.

Aker Carbon Capture ASA Receivables Turnover Chart

Aker Carbon Capture ASA Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
- 3.00 5.46 26.32

Aker Carbon Capture ASA Quarterly Data
Jul20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.55 3.35 3.41 5.44 3.39

Competitive Comparison of Aker Carbon Capture ASA's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Aker Carbon Capture ASA'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.


Aker Carbon Capture ASA's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aker Carbon Capture ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Aker Carbon Capture ASA's Receivables Turnover falls into.



Aker Carbon Capture ASA Receivables Turnover Calculation

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

Aker Carbon Capture ASA'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 )
=152.151 / ((2.577 + 8.985) / 2 )
=152.151 / 5.781
=26.32

Aker Carbon Capture ASA'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 )
=53.365 / ((8.985 + 22.504) / 2 )
=53.365 / 15.7445
=3.39

* 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.


Aker Carbon Capture ASA  (OTCPK:AKCCF) 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.


Aker Carbon Capture ASA Receivables Turnover Related Terms

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Aker Carbon Capture ASA (Aker Carbon Capture ASA) Business Description

Traded in Other Exchanges
Address
Oksenoyveien 8, Lysaker, Baerum, NOR, 1366
Aker Carbon Capture ASA is a carbon capture technology provider. The company's proprietary carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2. This process can be applied to emissions from various sources, from gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries. Its products and services include Just Catch, Offshore Just Catch, Big Catch, Mobile Test Unit - Rental service, CO2 for Enhanced Oil Recovery (EOR), and Storage Practice.