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Honkarakenne Oyj (OHEL:HONBS) Receivables Turnover : 7.55 (As of Dec. 2023)


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What is Honkarakenne Oyj 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. Honkarakenne Oyj's Revenue for the six months ended in Dec. 2023 was €23.29 Mil. Honkarakenne Oyj's average Accounts Receivable for the six months ended in Dec. 2023 was €3.09 Mil. Hence, Honkarakenne Oyj's Receivables Turnover for the six months ended in Dec. 2023 was 7.55.


Honkarakenne Oyj Receivables Turnover Historical Data

The historical data trend for Honkarakenne Oyj'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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Honkarakenne Oyj Receivables Turnover Chart

Honkarakenne Oyj 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 29.06 23.38 23.65 27.79 20.74

Honkarakenne Oyj Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 14.24 8.33 8.71 6.87 7.55

Competitive Comparison of Honkarakenne Oyj's Receivables Turnover

For the Residential Construction subindustry, Honkarakenne Oyj'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.


Honkarakenne Oyj's Receivables Turnover Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Honkarakenne Oyj's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Honkarakenne Oyj's Receivables Turnover falls into.



Honkarakenne Oyj Receivables Turnover Calculation

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

Honkarakenne Oyj'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 )
=46.289 / ((2.492 + 1.971) / 2 )
=46.289 / 2.2315
=20.74

Honkarakenne Oyj'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 )
=23.289 / ((4.2 + 1.971) / 2 )
=23.289 / 3.0855
=7.55

* 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.


Honkarakenne Oyj  (OHEL:HONBS) 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.


Honkarakenne Oyj Receivables Turnover Related Terms

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Honkarakenne Oyj (OHEL:HONBS) Business Description

Traded in Other Exchanges
N/A
Address
Hongantie 41, Karstula, FIN, FI-43500
Honkarakenne Oyj is a Finnish company engaged in the manufacture and sales of log houses in Finland and abroad. It supplies contemporary log homes, traditional log homes, holiday lodges and log cabins for organic, healthy and ecological living. The company also offers services including Honka design service, building service, and extension service. Its business is divided into two geographical operating segments including Finland and Export. The company derives a majority of its revenue from Finland.

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