Danish Aerospace Co A/S (OCSE:DAC) Receivables Turnover : 4.28 (As of Dec. 2023)

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What is Danish Aerospace Co A/S 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. Danish Aerospace Co A/S's Revenue for the six months ended in Dec. 2023 was kr20.80 Mil. Danish Aerospace Co A/S's average Accounts Receivable for the six months ended in Dec. 2023 was kr4.86 Mil. Hence, Danish Aerospace Co A/S's Receivables Turnover for the six months ended in Dec. 2023 was 4.28.

Danish Aerospace Co A/S Receivables Turnover Historical Data

The historical data trend for Danish Aerospace Co A/S'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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Danish Aerospace Co A/S Receivables Turnover Chart

Danish Aerospace Co A/S Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.15

4.72

6.79

7.56

5.39

Danish Aerospace Co A/S Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								4.72	3.40	2.72	2.61	4.28

Competitive Comparison of Danish Aerospace Co A/S's Receivables Turnover

For the Aerospace & Defense subindustry, Danish Aerospace Co A/S'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.

Danish Aerospace Co A/S's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Danish Aerospace Co A/S's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Danish Aerospace Co A/S's Receivables Turnover falls into.

Danish Aerospace Co A/S Receivables Turnover Calculation

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

Danish Aerospace Co A/S'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 )
=	31.881	/ (	(5.308	+	6.523)	/	2 )
=	31.881	/	5.9155
=	5.39

Danish Aerospace Co A/S'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	20.799	/ (	(3.198	+	6.523)	/	2 )
=	20.799	/	4.8605
=	4.28

Danish Aerospace Co A/S (OCSE:DAC) 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.

Danish Aerospace Co A/S Receivables Turnover Related Terms

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Danish Aerospace Co A/S (OCSE:DAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Danish Aerospace Co A/S (OCSE:DAC) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Hvidkjaervej 31A Street, Odense, DNK, DK-5250

Website

https://www.danishaerospace.com

Danish Aerospace Co A/S is a high-tech company operating in the area of advanced medical instrumentation and other engineering fields primarily within space applications. The main activity of the company is to develop innovative technological solutions for space exploration. This comprises design, development, and manufacturing of medical monitoring and exercise equipment, as well as to support preparations for and realisation of manned space flights.