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Circhem AB (OSTO:CIRCHE) Receivables Turnover : 2.04 (As of Mar. 2024)


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What is Circhem 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. Circhem AB's Revenue for the three months ended in Mar. 2024 was kr2.51 Mil. Circhem AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr1.23 Mil. Hence, Circhem AB's Receivables Turnover for the three months ended in Mar. 2024 was 2.04.


Circhem AB Receivables Turnover Historical Data

The historical data trend for Circhem 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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Circhem AB Receivables Turnover Chart

Circhem AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 0.95 4.71 10.12 98.50 3.24

Circhem AB Quarterly Data
Dec17 Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 1.59 2.20 1.31 3.05 2.04

Competitive Comparison of Circhem AB's Receivables Turnover

For the Waste Management subindustry, Circhem 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.


Circhem AB's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Circhem AB's Receivables Turnover distribution charts can be found below:

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



Circhem AB Receivables Turnover Calculation

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

Circhem AB'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 )
=5.745 / ((0 + 1.774) / 1 )
=5.745 / 1.774
=3.24

Circhem 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: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=2.506 / ((1.774 + 0.678) / 2 )
=2.506 / 1.226
=2.04

* 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.


Circhem AB  (OSTO:CIRCHE) 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.


Circhem AB Receivables Turnover Related Terms

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Circhem AB (OSTO:CIRCHE) Business Description

Traded in Other Exchanges
N/A
Address
Malderistvagen 3, Vargon, SWE, 468 30
Circhem AB is primarily involved in the solvent recycling process which includes recycling and purification of industrial chemicals. It offers solution that enables the industry to reduce its emissions and at the same time increase profitability.

Circhem AB (OSTO:CIRCHE) Headlines

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