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Green Landscaping Group AB (OSTO:GREEN) Receivables Turnover : 1.32 (As of Mar. 2024)


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What is Green Landscaping Group 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. Green Landscaping Group AB's Revenue for the three months ended in Mar. 2024 was kr1,383 Mil. Green Landscaping Group AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr1,051 Mil. Hence, Green Landscaping Group AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.32.


Green Landscaping Group AB Receivables Turnover Historical Data

The historical data trend for Green Landscaping Group 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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Green Landscaping Group AB Receivables Turnover Chart

Green Landscaping Group AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 6.45 6.18 6.09 5.96 5.74

Green Landscaping Group AB Quarterly Data
Jun19 Sep19 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 1.42 1.71 1.42 1.57 1.32

Competitive Comparison of Green Landscaping Group AB's Receivables Turnover

For the Specialty Business Services subindustry, Green Landscaping Group 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.


Green Landscaping Group AB's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Green Landscaping Group AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Green Landscaping Group AB's Receivables Turnover falls into.



Green Landscaping Group AB Receivables Turnover Calculation

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

Green Landscaping Group 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 )
=5831 / ((972 + 1059) / 2 )
=5831 / 1015.5
=5.74

Green Landscaping Group 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 )
=1383 / ((1059 + 1043) / 2 )
=1383 / 1051
=1.32

* 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.


Green Landscaping Group AB  (OSTO:GREEN) 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.


Green Landscaping Group AB Receivables Turnover Related Terms

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Green Landscaping Group AB (OSTO:GREEN) Business Description

Traded in Other Exchanges
Address
Biblioteksgatan 25, Stockholm, SWE, 114 35
Green Landscaping Group AB is engaged in maintenance and planning of outdoor environments such as green areas, parks, courtyards, tree care and sports facilities. The service areas it is involved in are landscaping and construction and ground maintenance. During winter, it also offers snow and ice removal. The Group is gathered under six geographic segments: Region South, Region Mid, Region Stockholm, Region North, Region Norway and Region Finland and other.

Green Landscaping Group AB (OSTO:GREEN) Headlines

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