GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Navigo Invest AB (OSTO:NAVIGO PREF) » Definitions » Receivables Turnover

Navigo Invest AB (OSTO:NAVIGO PREF) Receivables Turnover : 1.74 (As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Navigo Invest 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. Navigo Invest AB's Revenue for the three months ended in Mar. 2024 was kr150.3 Mil. Navigo Invest AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr86.3 Mil. Hence, Navigo Invest AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.74.


Navigo Invest AB Receivables Turnover Historical Data

The historical data trend for Navigo Invest 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.

* Premium members only.

Navigo Invest AB Receivables Turnover Chart

Navigo Invest AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.58 6.31 10.47 2.41 9.49

Navigo Invest 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 1.98 4.90 2.80 1.47 1.74

Competitive Comparison of Navigo Invest AB's Receivables Turnover

For the Asset Management subindustry, Navigo Invest 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.


Navigo Invest AB's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Navigo Invest AB's Receivables Turnover distribution charts can be found below:

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



Navigo Invest AB Receivables Turnover Calculation

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

Navigo Invest 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 )
=388.372 / ((7.816 + 74.014) / 2 )
=388.372 / 40.915
=9.49

Navigo Invest 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 )
=150.279 / ((74.014 + 98.575) / 2 )
=150.279 / 86.2945
=1.74

* 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.


Navigo Invest AB  (OSTO:NAVIGO PREF) 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.


Navigo Invest AB Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Navigo Invest AB's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Navigo Invest AB (OSTO:NAVIGO PREF) Business Description

Traded in Other Exchanges
Address
Stora Nygatan 31, Göteborg, SWE, 411 08
Navigo Invest AB is an investment company that invests in smaller and medium sized unlisted companies in Sweden. The company also offers professional services, Pegroco Advisory, which includes services within capital procurement, company transactions and business development.

Navigo Invest AB (OSTO:NAVIGO PREF) Headlines

No Headlines