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Arctic Fish Holding AS (OSL:AFISH) Receivables Turnover : 0.51 (As of Jun. 2023)


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What is Arctic Fish Holding 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. Arctic Fish Holding AS's Revenue for the three months ended in Jun. 2023 was kr22.8 Mil. Arctic Fish Holding AS's average Accounts Receivable for the three months ended in Jun. 2023 was kr44.6 Mil. Hence, Arctic Fish Holding AS's Receivables Turnover for the three months ended in Jun. 2023 was 0.51.


Arctic Fish Holding AS Receivables Turnover Historical Data

The historical data trend for Arctic Fish Holding 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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Arctic Fish Holding AS Receivables Turnover Chart

Arctic Fish Holding AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 23.10 37.75 18.92 11.31 34.18

Arctic Fish Holding AS Quarterly Data
Dec18 Sep19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 0.70 0.69 0.76 0.51 -

Competitive Comparison of Arctic Fish Holding AS's Receivables Turnover

For the Farm Products subindustry, Arctic Fish Holding 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.


Arctic Fish Holding AS's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Arctic Fish Holding AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Arctic Fish Holding AS's Receivables Turnover falls into.



Arctic Fish Holding AS Receivables Turnover Calculation

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

Arctic Fish Holding AS'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 )
=1022.728 / ((44.565 + 15.278) / 2 )
=1022.728 / 29.9215
=34.18

Arctic Fish Holding AS's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=22.751 / ((44.565 + 0) / 1 )
=22.751 / 44.565
=0.51

* 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.


Arctic Fish Holding AS  (OSL:AFISH) 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.


Arctic Fish Holding AS Receivables Turnover Related Terms

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Arctic Fish Holding AS (OSL:AFISH) Business Description

Traded in Other Exchanges
Address
Sindragata 10, Isafjordur, ISL, 400
Arctic Fish Holding AS is a fish farming company. It is engaged in farming and marketing Atlantic salmon. The fish farming business includes smolt production, salmon farming, harvesting activities, and sales of harvested fish.

Arctic Fish Holding AS (OSL:AFISH) Headlines

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