Aker Horizons ASA (OSL:AKH) Receivables Turnover : 1.67 (As of Dec. 2023)

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What is Aker Horizons ASA 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. Aker Horizons ASA's Revenue for the six months ended in Dec. 2023 was kr1,986 Mil. Aker Horizons ASA's average Accounts Receivable for the six months ended in Dec. 2023 was kr1,189 Mil. Hence, Aker Horizons ASA's Receivables Turnover for the six months ended in Dec. 2023 was 1.67.

Aker Horizons ASA Receivables Turnover Historical Data

The historical data trend for Aker Horizons ASA'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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Aker Horizons ASA Receivables Turnover Chart

Aker Horizons ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.50

3.62

4.51

6.40

Aker Horizons ASA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			0.82	1.09	1.42	1.46	1.67

Competitive Comparison of Aker Horizons ASA's Receivables Turnover

For the Asset Management subindustry, Aker Horizons ASA'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.

Aker Horizons ASA's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Aker Horizons ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Aker Horizons ASA's Receivables Turnover falls into.

Aker Horizons ASA Receivables Turnover Calculation

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

Aker Horizons ASA'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 )
=	3649	/ (	(517	+	623)	/	2 )
=	3649	/	570
=	6.40

Aker Horizons ASA'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 )
=	1986	/ (	(1755	+	623)	/	2 )
=	1986	/	1189
=	1.67

Aker Horizons ASA (OSL:AKH) 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.

Aker Horizons ASA Receivables Turnover Related Terms

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Aker Horizons ASA (OSL:AKH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Aker Horizons ASA (OSL:AKH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AKHo_NO:Sweden 7QF:Germany

Address

Oksenoyveien 8, Lysaker, NOR, NO-1366

Website

https://www.akerhorizons.com

Aker Horizons ASA is an investment management company. It invests in and develops companies within renewable energy sectors and other technologies that make material contributions to reducing emissions or promoting sustainable living. The company's reportable segments are Aker Carbon Capture (ACC), Asset Development (AAD), Mainstream Renewable Power (Mainstream), Aker Horizons and holdings, and Others.

Aker Horizons ASA (OSL:AKH) Headlines

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