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Lyckegard Group AB (OSTO:LYGRD) Receivables Turnover : 1.61 (As of Mar. 2024)


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What is Lyckegard 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. Lyckegard Group AB's Revenue for the three months ended in Mar. 2024 was kr41.6 Mil. Lyckegard Group AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr25.8 Mil. Hence, Lyckegard Group AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.61.


Lyckegard Group AB Receivables Turnover Historical Data

The historical data trend for Lyckegard 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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Lyckegard Group AB Receivables Turnover Chart

Lyckegard Group AB Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
45.38 13.41 17.64 10.29 14.05

Lyckegard Group AB Quarterly Data
Dec19 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 1.59 2.31 1.56 1.77 1.61

Competitive Comparison of Lyckegard Group AB's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Lyckegard 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.


Lyckegard Group AB's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lyckegard Group AB's Receivables Turnover distribution charts can be found below:

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



Lyckegard Group AB Receivables Turnover Calculation

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

Lyckegard 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 )
=165.19 / ((7.71 + 15.81) / 2 )
=165.19 / 11.76
=14.05

Lyckegard 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 )
=41.591 / ((15.81 + 35.74) / 2 )
=41.591 / 25.775
=1.61

* 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.


Lyckegard Group AB  (OSTO:LYGRD) 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.


Lyckegard Group AB Receivables Turnover Related Terms

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Lyckegard Group AB (OSTO:LYGRD) Business Description

Traded in Other Exchanges
Address
Trollebergsvagen, Lund, SWE, 102-28
Lyckegard Group AB is an innovative company that strives towards sustainable agriculture through the reduced use of pesticides and fertilizers. The company develops and sells agricultural mechanical tools for weed control, tillage and sowing. The tools work mechanically, without chemicals, and use innovative methods and new cultivation strategies for more environmentally friendly agriculture. The products can be used by both organic and conventional farmers who want to reduce the use of pesticides and use modern cultivation strategies for increased yields.

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