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Scandinavian Medical Solutions AS (OCSE:SMSMED) Receivables Turnover : 5.76 (As of Mar. 2024)


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What is Scandinavian Medical Solutions AS 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. Scandinavian Medical Solutions AS's Revenue for the six months ended in Mar. 2024 was kr102.6 Mil. Scandinavian Medical Solutions AS's average Accounts Receivable for the six months ended in Mar. 2024 was kr17.8 Mil. Hence, Scandinavian Medical Solutions AS's Receivables Turnover for the six months ended in Mar. 2024 was 5.76.

Scandinavian Medical Solutions AS Receivables Turnover Historical Data

The historical data trend for Scandinavian Medical Solutions AS'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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Scandinavian Medical Solutions AS Receivables Turnover Chart

Scandinavian Medical Solutions AS Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
Receivables Turnover
14.37 19.87 46.20 27.69 17.46

Scandinavian Medical Solutions AS Semi-Annual Data
Sep19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only 28.31 12.25 9.12 6.52 5.76

Competitive Comparison of Scandinavian Medical Solutions AS's Receivables Turnover

For the Medical Devices subindustry, Scandinavian Medical Solutions AS'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.

Scandinavian Medical Solutions AS's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Scandinavian Medical Solutions AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Scandinavian Medical Solutions AS's Receivables Turnover falls into.


Scandinavian Medical Solutions AS Receivables Turnover Calculation

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

Scandinavian Medical Solutions AS's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Receivables Turnover (A: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2023 ) / ((Accounts Receivable (A: Sep. 2022 ) + Accounts Receivable (A: Sep. 2023 )) / count )
=191.192 / ((6.932 + 14.969) / 2 )
=191.192 / 10.9505
=17.46

Scandinavian Medical Solutions AS'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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=102.563 / ((14.969 + 20.63) / 2 )
=102.563 / 17.7995
=5.76

* 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.

Scandinavian Medical Solutions AS  (OCSE:SMSMED) 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.

Scandinavian Medical Solutions AS Receivables Turnover Related Terms

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Scandinavian Medical Solutions AS (OCSE:SMSMED) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Scandinavian Medical Solutions AS (OCSE:SMSMED) » Definitions » Receivables Turnover
Comparable Companies
OCSE:VIRO ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA XSWX:SOON ALGN SHSE:688271 ASX:COH LSE:SN. PODD OCSE:DEMANT BRKR BIO
Traded in Other Exchanges
K41:Germany
Address
Gasvaerksvej 46. 1.Sal, Aalborg, DNK, DK-9000
Website
https://www.scandinavian-medical.com
Scandinavian Medical Solutions AS is engaged in offering pre-owned medical imaging equipment and innovative healthcare solutions. The product portfolio of Cath Lab, X-Ray, MRI, Mammography, Ultrasound, and Mobile X-Ray among others.

Scandinavian Medical Solutions AS (OCSE:SMSMED) Headlines

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