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Reka Industrial (OHEL:REKA) Receivables Turnover : 27.77 (As of Dec. 2023)


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What is Reka Industrial 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. Reka Industrial's Revenue for the six months ended in Dec. 2023 was €74.53 Mil. Reka Industrial's average Accounts Receivable for the six months ended in Dec. 2023 was €2.68 Mil. Hence, Reka Industrial's Receivables Turnover for the six months ended in Dec. 2023 was 27.77.


Reka Industrial Receivables Turnover Historical Data

The historical data trend for Reka Industrial'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.

* Premium members only.

Reka Industrial Receivables Turnover Chart

Reka Industrial 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 21.91 34.68 48.05 86.01 47.68

Reka Industrial 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 14.40 2.20 28.39 6.81 27.77

Competitive Comparison of Reka Industrial's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Reka Industrial'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.


Reka Industrial's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Reka Industrial's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Reka Industrial's Receivables Turnover falls into.



Reka Industrial Receivables Turnover Calculation

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

Reka Industrial'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 )
=91.589 / ((1.742 + 2.1) / 2 )
=91.589 / 1.921
=47.68

Reka Industrial'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 )
=74.531 / ((3.267 + 2.1) / 2 )
=74.531 / 2.6835
=27.77

* 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.


Reka Industrial  (OHEL:REKA) 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.


Reka Industrial Receivables Turnover Related Terms

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Reka Industrial (OHEL:REKA) Business Description

Traded in Other Exchanges
Address
Kankurinkatu 4-6, Hyvinkaa, FIN, 05800
Reka Industrial PLC is an industrial company. The firm is committed to the long-term development of the performance and sustainable development of the companies it owns. Through the Group companies, the company is involved in the transformation of both the energy and vehicle industries. Its segments are Cable Industry and Rubber Industry. The Rubber Industry segment is the only industrial business segment of the company.

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