Hufvudstaden AB (OSTO:HUFV A) Receivables Turnover : 31.21 (As of Mar. 2024)

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What is Hufvudstaden 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. Hufvudstaden AB's Revenue for the three months ended in Mar. 2024 was kr771 Mil. Hufvudstaden AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr25 Mil. Hence, Hufvudstaden AB's Receivables Turnover for the three months ended in Mar. 2024 was 31.21.

Hufvudstaden AB Receivables Turnover Historical Data

The historical data trend for Hufvudstaden 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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Hufvudstaden AB Receivables Turnover Chart

Hufvudstaden AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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133.41

75.39

78.36

93.55

104.84

Hufvudstaden 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															22.47	-	-	32.33	31.21

Competitive Comparison of Hufvudstaden AB's Receivables Turnover

For the Real Estate - Diversified subindustry, Hufvudstaden 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.

Hufvudstaden AB's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hufvudstaden AB's Receivables Turnover distribution charts can be found below:

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

Hufvudstaden AB Receivables Turnover Calculation

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

Hufvudstaden 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 )
=	2961.6	/ (	(31.8	+	24.7)	/	2 )
=	2961.6	/	28.25
=	104.84

Hufvudstaden 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 )
=	771	/ (	(24.7	+	0)	/	1 )
=	771	/	24.7
=	31.21

Hufvudstaden AB (OSTO:HUFV A) 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.

Hufvudstaden AB Receivables Turnover Related Terms

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Hufvudstaden AB (OSTO:HUFV A) Business Description

Industry

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Traded in Other Exchanges

HUFVAs:UK 0GW3:UK HFVA:Germany

Address

Regeringsgatan 38, Stockholm, SWE, SE-111 77

Website

https://www.hufvudstaden.se

Hufvudstaden AB A manages and develops commercial properties in Sweden. The company focuses on retail and office properties in the Stockholm and Gothenburg area. Its two main segments include property management and parking operations. It rents out centrally located residential and commercial properties such as shops, offices, hotels, cinemas, restaurants, warehouses, garages, and apartments. It also owns Nordiska Kompaniet, a department store in Stockholm and Sweden. The company operates through three divisions: Stockholm business area, Gothenburg business area, and Noridska Kompaniet business area. The Stockholm business area contributes the largest proportion of revenue.

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