SKAN Group AG (LTS:0SKN) Receivables Turnover : 6.19 (As of Dec. 2023)

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What is SKAN Group AG 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. SKAN Group AG's Revenue for the six months ended in Dec. 2023 was CHF180.3 Mil. SKAN Group AG's average Accounts Receivable for the six months ended in Dec. 2023 was CHF29.1 Mil. Hence, SKAN Group AG's Receivables Turnover for the six months ended in Dec. 2023 was 6.19.

SKAN Group AG Receivables Turnover Historical Data

The historical data trend for SKAN Group AG'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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SKAN Group AG Receivables Turnover Chart

SKAN Group AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

9.59

10.82

11.23

12.19

SKAN Group AG Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			5.67	4.70	5.76	4.83	6.19

Competitive Comparison of SKAN Group AG's Receivables Turnover

For the Medical Instruments & Supplies subindustry, SKAN Group AG'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.

SKAN Group AG's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, SKAN Group AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SKAN Group AG's Receivables Turnover falls into.

SKAN Group AG Receivables Turnover Calculation

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

SKAN Group AG'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 )
=	320.02	/ (	(26.039	+	26.474)	/	2 )
=	320.02	/	26.2565
=	12.19

SKAN Group AG's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	180.282	/ (	(31.808	+	26.474)	/	2 )
=	180.282	/	29.141
=	6.19

SKAN Group AG (LTS:0SKN) 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.

SKAN Group AG Receivables Turnover Related Terms

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SKAN Group AG (LTS:0SKN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SKAN Group AG (LTS:0SKN) » Definitions » Receivables Turnover

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Traded in Other Exchanges

SKANz:UK SKAN:Switzerland

Address

Kreuzstrasse 5, Allschwil, CHE, 4123

Website

https://www.skan.com

SKAN Group AG is a global market and technological company for isolators, cleanroom devices, and decontamination processes for the aseptic production of biopharmaceutical substances. Its core competency is the design and development of process isolators for the aseptic filling of biopharmaceutical products. The company offer its customers process support, services, and consumables. Its products include biological indicators, isolators, Laboratory/cleanroom equipment, laminar flow, safety workbench, and transfer system.

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