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ABG Sundal Collier Holding ASA (CHIX:ABGO) Receivables Turnover : 0.13 (As of Mar. 2024)


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What is ABG Sundal Collier Holding 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. ABG Sundal Collier Holding ASA's Revenue for the three months ended in Mar. 2024 was kr403 Mil. ABG Sundal Collier Holding ASA's average Accounts Receivable for the three months ended in Mar. 2024 was kr3,003 Mil. Hence, ABG Sundal Collier Holding ASA's Receivables Turnover for the three months ended in Mar. 2024 was 0.13.


ABG Sundal Collier Holding ASA Receivables Turnover Historical Data

The historical data trend for ABG Sundal Collier Holding 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.

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ABG Sundal Collier Holding ASA Receivables Turnover Chart

ABG Sundal Collier Holding ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 1.46 2.14 1.04 0.78

ABG Sundal Collier Holding ASA 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.12 0.07 0.08 0.20 0.13

Competitive Comparison of ABG Sundal Collier Holding ASA's Receivables Turnover

For the Capital Markets subindustry, ABG Sundal Collier Holding 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.


ABG Sundal Collier Holding ASA's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ABG Sundal Collier Holding ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ABG Sundal Collier Holding ASA's Receivables Turnover falls into.



ABG Sundal Collier Holding ASA Receivables Turnover Calculation

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

ABG Sundal Collier Holding 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 )
=1706.732 / ((2008.27 + 2349.162) / 2 )
=1706.732 / 2178.716
=0.78

ABG Sundal Collier Holding 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 )
=402.9 / ((2349.162 + 3656) / 2 )
=402.9 / 3002.581
=0.13

* 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.


ABG Sundal Collier Holding ASA  (CHIX:ABGo) 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.


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ABG Sundal Collier Holding ASA (CHIX:ABGO) Business Description

Traded in Other Exchanges
Address
Ruselokkveien 26, 8th floor, Oslo, NOR, 0251
ABG Sundal Collier Holding ASA is engaged predominantly in the Norwegian capital markets industry. There are three reporting segments representing the following product levels: Corporate Financing, M&A and Advisory and Brokerage and Research. Investment banking and capital markets activities are at the core of the business and have always been a key focus of the firm. Geographically, the company has operations in Norway, Sweden, Denmark, and International, and the majority is from Norway.

ABG Sundal Collier Holding ASA (CHIX:ABGO) Headlines

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