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Storskogen Group AB (CHIX:STORCS) Receivables Turnover : 1.81 (As of Mar. 2024)


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What is Storskogen Group 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. Storskogen Group AB's Revenue for the three months ended in Mar. 2024 was kr8,358 Mil. Storskogen Group AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr4,611 Mil. Hence, Storskogen Group AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.81.


Storskogen Group AB Receivables Turnover Historical Data

The historical data trend for Storskogen Group 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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Storskogen Group AB Receivables Turnover Chart

Storskogen Group AB Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 8.67 8.70 8.43 8.71 7.68

Storskogen Group AB Quarterly Data
Dec18 Dec19 Jun20 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 1.86 1.93 1.69 1.90 1.81

Competitive Comparison of Storskogen Group AB's Receivables Turnover

For the Asset Management subindustry, Storskogen Group 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.


Storskogen Group AB's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Storskogen Group AB's Receivables Turnover distribution charts can be found below:

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



Storskogen Group AB Receivables Turnover Calculation

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

Storskogen Group 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 )
=36006 / ((4940 + 4441) / 2 )
=36006 / 4690.5
=7.68

Storskogen Group 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 )
=8358 / ((4441 + 4781) / 2 )
=8358 / 4611
=1.81

* 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.


Storskogen Group AB  (CHIX:STORCs) 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.


Storskogen Group AB Receivables Turnover Related Terms

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Storskogen Group AB (CHIX:STORCS) Business Description

Traded in Other Exchanges
Address
Hovslagargatan 3, 6th Floor, Stockholm, SWE, 111 48
Storskogen Group AB is an international group of businesses. It acquires and manages profitable small and medium-sized businesses with prime positions in their respective markets. It is divided into three business areas, Industry, Services, and Trade, predominantly in Sweden and with an increasing presence in the Nordics, Germany, Switzerland, and the UK.

Storskogen Group AB (CHIX:STORCS) Headlines

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