Edda Wind ASA (OSTO:EWINDO) Receivables Turnover : 0.63 (As of Mar. 2024)

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What is Edda Wind 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. Edda Wind ASA's Revenue for the three months ended in Mar. 2024 was kr83.2 Mil. Edda Wind ASA's average Accounts Receivable for the three months ended in Mar. 2024 was kr132.7 Mil. Hence, Edda Wind ASA's Receivables Turnover for the three months ended in Mar. 2024 was 0.63.

Edda Wind ASA Receivables Turnover Historical Data

The historical data trend for Edda Wind 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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Edda Wind ASA Receivables Turnover Chart

Edda Wind ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.78

3.69

7.26

7.69

5.54

Edda Wind ASA Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												0.93	1.02	0.97	2.08	0.63

Competitive Comparison of Edda Wind ASA's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Edda Wind 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.

Edda Wind ASA's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Edda Wind ASA's Receivables Turnover falls into.

Edda Wind ASA Receivables Turnover Calculation

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

Edda Wind 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 )
=	452.899	/ (	(41.09	+	122.52)	/	2 )
=	452.899	/	81.805
=	5.54

Edda Wind ASA'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 )
=	83.236	/ (	(122.52	+	142.952)	/	2 )
=	83.236	/	132.736
=	0.63

Edda Wind ASA (OSTO:EWINDo) 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.

Edda Wind ASA Receivables Turnover Related Terms

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Edda Wind ASA (OSTO:EWINDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Edda Wind ASA (OSTO:EWINDo) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EWIND:Norway VR1:Germany

Address

Smedasundet 97, Haugesund, NOR, 5501

Website

https://www.eddawind.com

Edda Wind ASA is a Norway-based company that provides service operations to the global offshore wind industry. The company develops, builds, owns, and operates purpose-built Service Operation Vessels (SOVs) and Commissioning Service Operation Vessels (CSOVs) for offshore wind farms worldwide.

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