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Sotkamo Silver AB (OHEL:SOSI1) Receivables Turnover : 2.43 (As of Mar. 2024)


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What is Sotkamo Silver 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. Sotkamo Silver AB's Revenue for the three months ended in Mar. 2024 was €7.47 Mil. Sotkamo Silver AB's average Accounts Receivable for the three months ended in Mar. 2024 was €3.07 Mil. Hence, Sotkamo Silver AB's Receivables Turnover for the three months ended in Mar. 2024 was 2.43.


Sotkamo Silver AB Receivables Turnover Historical Data

The historical data trend for Sotkamo Silver 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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Sotkamo Silver AB Receivables Turnover Chart

Sotkamo Silver AB 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 13.40 17.50 13.68 10.62 10.53

Sotkamo Silver AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only 2.36 4.64 3.58 3.46 2.43

Competitive Comparison of Sotkamo Silver AB's Receivables Turnover

For the Other Precious Metals & Mining subindustry, Sotkamo Silver 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.


Sotkamo Silver AB's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sotkamo Silver AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sotkamo Silver AB's Receivables Turnover falls into.



Sotkamo Silver AB Receivables Turnover Calculation

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

Sotkamo Silver 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 )
=36.367 / ((3.548 + 3.361) / 2 )
=36.367 / 3.4545
=10.53

Sotkamo Silver 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 )
=7.467 / ((3.361 + 2.775) / 2 )
=7.467 / 3.068
=2.43

* 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.


Sotkamo Silver AB  (OHEL:SOSI1) 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.


Sotkamo Silver AB Receivables Turnover Related Terms

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Sotkamo Silver AB (OHEL:SOSI1) Business Description

Traded in Other Exchanges
Address
Hollandargatan 5B, Stockholm, SWE, 111 48
Sotkamo Silver AB is a Sweden-based exploration and development company. It is engaged in the exploration and development of silver, gold and zinc deposits in the Nordic region. The company primarily holds an interest in Taivaljarvi silver mine project. In addition, there are two gold deposits, Harnas which is a former small-scale gold mining site in Sweden, and Hopevuori gold occurrence in Finland.

Sotkamo Silver AB (OHEL:SOSI1) Headlines

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