Momentum Group AB (OSTO:MMGR B) Receivables Turnover : 1.67 (As of Mar. 2024)

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What is Momentum 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. Momentum Group AB's Revenue for the three months ended in Mar. 2024 was kr661 Mil. Momentum Group AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr396 Mil. Hence, Momentum Group AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.67.

Momentum Group AB Receivables Turnover Historical Data

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

Momentum Group AB Annual Data

Trend

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Receivables Turnover

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6.36

5.97

6.28

6.27

6.68

Momentum Group AB Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											1.66	1.61	1.53	1.73	1.67

Competitive Comparison of Momentum Group AB's Receivables Turnover

For the Industrial Distribution subindustry, Momentum 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.

Momentum Group AB's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Momentum Group AB's Receivables Turnover distribution charts can be found below:

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

Momentum Group AB Receivables Turnover Calculation

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

Momentum 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 )
=	2298	/ (	(300	+	388)	/	2 )
=	2298	/	344
=	6.68

Momentum 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 )
=	661	/ (	(388	+	404)	/	2 )
=	661	/	396
=	1.67

Momentum Group AB (OSTO:MMGR B) 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.

Momentum Group AB Receivables Turnover Related Terms

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Momentum Group AB (OSTO:MMGR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Momentum Group AB (OSTO:MMGR B) » Definitions » Receivables Turnover

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X64:Germany

Address

Ostermalmsgatan 87 E, Stockholm, SWE, SE-114 59

Website

https://www.momentum.group

Momentum Group AB operates, develops and acquires successful sustainable companies in the Nordic region through active ownership with decentralized profit and business responsibility. The group consists of a number of companies that together constitute one of the Nordic region's leading suppliers of industrial components, industrial services and other related services in the industrial sector.

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