Athanase Innovation AB (OSTO:ATIN) Receivables Turnover : 0.08 (As of Dec. 2020)

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What is Athanase Innovation 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. Athanase Innovation AB's Revenue for the six months ended in Dec. 2020 was kr0.35 Mil. Athanase Innovation AB's average Accounts Receivable for the six months ended in Dec. 2020 was kr4.47 Mil. Hence, Athanase Innovation AB's Receivables Turnover for the six months ended in Dec. 2020 was 0.08.

Athanase Innovation AB Receivables Turnover Historical Data

The historical data trend for Athanase Innovation 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.

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Athanase Innovation AB Receivables Turnover Chart

Athanase Innovation AB Annual Data

Trend

Jun17

Jun18

Jun19

Receivables Turnover

Athanase Innovation AB Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	9.40	0.08

Competitive Comparison of Athanase Innovation AB's Receivables Turnover

For the Asset Management subindustry, Athanase Innovation 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.

Athanase Innovation AB's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Athanase Innovation AB's Receivables Turnover distribution charts can be found below:

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

Athanase Innovation AB Receivables Turnover Calculation

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

Athanase Innovation AB's Receivables Turnover for the fiscal year that ended in Jun. 2019 is calculated as

	Receivables Turnover (A: Jun. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2019 )	/ (	(Accounts Receivable (A: Jun. 2018 )	+	Accounts Receivable (A: Jun. 2019 ))	/	count )
=	42.033	/ (	(0	+	0)	/	1 )
=	42.033	/	0
=	N/A

Athanase Innovation AB's Receivables Turnover for the quarter that ended in Dec. 2020 is calculated as

	Receivables Turnover (Q: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2020 )	/ (	(Accounts Receivable (Q: Jun. 2020 )	+	Accounts Receivable (Q: Dec. 2020 ))	/	count )
=	0.352	/ (	(4.467	+	0)	/	1 )
=	0.352	/	4.467
=	0.08

Athanase Innovation AB (OSTO:ATIN) 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.

Athanase Innovation AB Receivables Turnover Related Terms

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Athanase Innovation AB (OSTO:ATIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Athanase Innovation AB (OSTO:ATIN) » Definitions » Receivables Turnover

Comparable Companies

EVG SMM NHS XTER:L1OA LSE:IGV LSE:ATS ASX:GVF HKSE:01051 MSD LSE:NTN

Traded in Other Exchanges

N/A

Address

Nybrogatan 3, Stockholm, SWE, 114 34

Website

https://www.athanaseinnovation.com

Athanase Innovation AB is an alternative investment firm with exposure to both private and public equity. It invests in innovative companies that benefit from trends such as robotics, digitalization, and automation. The principal revenue stream is initially management fees charged on the external fund capital and investment income of the underlying assets.

Athanase Innovation AB (OSTO:ATIN) Headlines

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