Doverie Obed Hl (XBUL:DUH) Receivables Turnover : 35.10 (As of Dec. 2023)

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What is Doverie Obed Hl 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. Doverie Obed Hl's Revenue for the three months ended in Dec. 2023 was лв132.3 Mil. Doverie Obed Hl's average Accounts Receivable for the three months ended in Dec. 2023 was лв3.8 Mil. Hence, Doverie Obed Hl's Receivables Turnover for the three months ended in Dec. 2023 was 35.10.

Doverie Obed Hl Receivables Turnover Historical Data

The historical data trend for Doverie Obed Hl'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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Doverie Obed Hl Receivables Turnover Chart

Doverie Obed Hl Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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17.04

33.86

42.96

96.69

167.25

Doverie Obed Hl Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															20.14	13.05	12.30	37.03	35.10

Competitive Comparison of Doverie Obed Hl's Receivables Turnover

For the Banks - Regional subindustry, Doverie Obed Hl'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.

Doverie Obed Hl's Receivables Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Doverie Obed Hl's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Doverie Obed Hl's Receivables Turnover falls into.

Doverie Obed Hl Receivables Turnover Calculation

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

Doverie Obed Hl'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 )
=	565.709	/ (	(2.735	+	4.03)	/	2 )
=	565.709	/	3.3825
=	167.25

Doverie Obed Hl's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	132.301	/ (	(3.509	+	4.03)	/	2 )
=	132.301	/	3.7695
=	35.10

Doverie Obed Hl (XBUL:DUH) 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.

Doverie Obed Hl Receivables Turnover Related Terms

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Doverie Obed Hl (XBUL:DUH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Doverie Obed Hl (XBUL:DUH) » Definitions » Receivables Turnover

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Address

5 Lachezar Stanchev Str., Building A, floor 7, Sopharma Business Towers, Sofia, BGR, 1756

Website

https://www.doverie.bg

Doverie Obed Hl is a holding company that unites companies which carry out their activities in the field of commercial banking, health care, wine making, residential building, household chemicals, purchase/sale of DIY goods, renting out real estate and movable property and others. The company has the following operating segments Banking sector, Insurance sector Trade in 'do it yourself' goods, Non-financial enterprises performing financial services, Medical services, Detergents & household chemicals and Others The majority of revenue is from the Banking sector.

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