Beerenberg AS (OSL:BBERG) Receivables Turnover : 4.50 (As of Dec. 2023)

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What is Beerenberg 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. Beerenberg AS's Revenue for the six months ended in Dec. 2023 was kr1,193 Mil. Beerenberg AS's average Accounts Receivable for the six months ended in Dec. 2023 was kr265 Mil. Hence, Beerenberg AS's Receivables Turnover for the six months ended in Dec. 2023 was 4.50.

Beerenberg AS Receivables Turnover Historical Data

The historical data trend for Beerenberg 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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Beerenberg AS Receivables Turnover Chart

Beerenberg AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.80

7.66

7.82

8.59

Beerenberg AS Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	3.63	4.24	4.53	4.50

Competitive Comparison of Beerenberg AS's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Beerenberg 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.

Beerenberg AS's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Beerenberg AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Beerenberg AS's Receivables Turnover falls into.

Beerenberg AS Receivables Turnover Calculation

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

Beerenberg 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 )
=	2343.243	/ (	(261.679	+	283.862)	/	2 )
=	2343.243	/	272.7705
=	8.59

Beerenberg AS'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 )
=	1193.043	/ (	(245.8	+	283.862)	/	2 )
=	1193.043	/	264.831
=	4.50

Beerenberg AS (OSL:BBERG) 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.

Beerenberg AS Receivables Turnover Related Terms

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Beerenberg AS (OSL:BBERG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Beerenberg AS (OSL:BBERG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ZA9:Germany

Address

Kokstaddalen 33, P.O.Box 273, Slåtthaug, Bergen, NOR, N-5851

Website

https://www.beerenberg.com

Beerenberg AS is a company engaged in contract work, production, industrial maintenance, trading, agency and commission work, and to take interests in other enterprises engaged in similar activities. Its Business activities include innovative service solutions for the oil and gas industry, covering the entire life cycle from field studies and newbuilds to maintenance, modifications, and lifetime extensions. The business area Services include Beerenberg´s core ISS disciplines Insulation, Scaffolding and Surface treatment, as well as passive fire protection, technical cleaning, rope access techniques, robotic surface treatment, architectural outfitting services.

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