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Acuvi AB (OSTO:ACUVI) Receivables Turnover : 1.68 (As of Mar. 2024)


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What is Acuvi 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. Acuvi AB's Revenue for the three months ended in Mar. 2024 was kr46.7 Mil. Acuvi AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr27.8 Mil. Hence, Acuvi AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.68.


Acuvi AB Receivables Turnover Historical Data

The historical data trend for Acuvi 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.

* Premium members only.

Acuvi AB Receivables Turnover Chart

Acuvi AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 11.14 6.02 4.15 3.84 8.04

Acuvi AB Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 2.50 1.77 2.05 1.45 1.68

Competitive Comparison of Acuvi AB's Receivables Turnover

For the Electronic Components subindustry, Acuvi 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.


Acuvi AB's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Acuvi AB's Receivables Turnover distribution charts can be found below:

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



Acuvi AB Receivables Turnover Calculation

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

Acuvi AB's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=185.075 / ((20.201 + 25.826) / 2 )
=185.075 / 23.0135
=8.04

Acuvi 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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=46.706 / ((27.434 + 28.175) / 2 )
=46.706 / 27.8045
=1.68

* 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.


Acuvi AB  (OSTO:ACUVI) 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.


Acuvi AB Receivables Turnover Related Terms

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Acuvi AB (OSTO:ACUVI) Business Description

Traded in Other Exchanges
Address
Stationsgatan 23, Uppsala, SWE, SE-753 40
Acuvi AB develops and delivers high-tech solutions for many applications with ever higher demands on precision and miniaturization. It has around 500 customers to whom the companies in the group deliver unique components and systems. The company's products are also under development to be integrated into mass volume applications. In these applications, Acuvi operates through collaborations and outlicensing.

Acuvi AB (OSTO:ACUVI) Headlines

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