Tulikivi Oyj (OHEL:TULAV) Receivables Turnover : 3.52 (As of Mar. 2024)

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What is Tulikivi 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. Tulikivi Oyj's Revenue for the three months ended in Mar. 2024 was €8.50 Mil. Tulikivi Oyj's average Accounts Receivable for the three months ended in Mar. 2024 was €2.42 Mil. Hence, Tulikivi Oyj's Receivables Turnover for the three months ended in Mar. 2024 was 3.52.

Tulikivi Oyj Receivables Turnover Historical Data

The historical data trend for Tulikivi 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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Tulikivi Oyj Receivables Turnover Chart

Tulikivi Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.97

12.59

15.75

17.60

18.27

Tulikivi Oyj 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															4.39	4.03	2.72	3.72	3.52

Competitive Comparison of Tulikivi Oyj's Receivables Turnover

For the Building Products & Equipment subindustry, Tulikivi 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.

Tulikivi Oyj's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tulikivi Oyj's Receivables Turnover distribution charts can be found below:

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

Tulikivi Oyj Receivables Turnover Calculation

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

Tulikivi 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 )
=	45.32	/ (	(2.827	+	2.133)	/	2 )
=	45.32	/	2.48
=	18.27

Tulikivi Oyj'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 )
=	8.5	/ (	(2.133	+	2.7)	/	2 )
=	8.5	/	2.4165
=	3.52

Tulikivi Oyj (OHEL:TULAV) 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.

Tulikivi Oyj Receivables Turnover Related Terms

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Tulikivi Oyj (OHEL:TULAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tulikivi Oyj (OHEL:TULAV) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Kuhnustantie 22, Juuka, FIN, FI-83900

Website

https://www.tulikivi.com

Tulikivi Oyj specializes in high-quality fireplaces, sauna heaters and decorative stone products made from natural materials. The company's factories are located in Juuka, Suomussalmi, and Heinävesi. In factories it manufactures fireplaces from both soapstone and ceramic pulp, as well as surface upholstery for other fireplace manufacturers. In addition, it manufactures the most modern, versatile heaters on the market for both wood and electric saunas. The group also provides wonderful decorative stone solutions for all areas of the home, stone countertops and tiles and mosaics.

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