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Nilfisk Holding AS (OCSE:NLFSK) Receivables Turnover : 1.64 (As of Jun. 2024)


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What is Nilfisk Holding AS 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. Nilfisk Holding AS's Revenue for the three months ended in Jun. 2024 was kr2,078 Mil. Nilfisk Holding AS's average Accounts Receivable for the three months ended in Jun. 2024 was kr1,269 Mil. Hence, Nilfisk Holding AS's Receivables Turnover for the three months ended in Jun. 2024 was 1.64.


Nilfisk Holding AS Receivables Turnover Historical Data

The historical data trend for Nilfisk Holding AS'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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Nilfisk Holding AS Receivables Turnover Chart

Nilfisk Holding AS 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 5.29 5.05 6.06 6.28 6.78

Nilfisk Holding AS Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.68 1.58 1.76 1.71 1.64

Competitive Comparison of Nilfisk Holding AS's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Nilfisk Holding AS'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.


Nilfisk Holding AS's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nilfisk Holding AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nilfisk Holding AS's Receivables Turnover falls into.



Nilfisk Holding AS Receivables Turnover Calculation

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

Nilfisk Holding AS'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 )
=7703.871 / ((1240.167 + 1033.791) / 2 )
=7703.871 / 1136.979
=6.78

Nilfisk Holding AS's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=2077.841 / ((1222.088 + 1315.817) / 2 )
=2077.841 / 1268.9525
=1.64

* 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.


Nilfisk Holding AS  (OCSE:NLFSK) 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.


Nilfisk Holding AS Receivables Turnover Related Terms

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Nilfisk Holding AS Business Description

Traded in Other Exchanges
Address
Marmorvej 8, Copenhagen, DNK, DK-2100
Nilfisk Holding AS through its subsidiaries manufactures and produces cleaning equipment. The product offered by the group includes floor-cleaning machines, high-pressure cleaners, industrial vacuum cleaners, and outdoor cleaning equipment. In addition, the firm also provides after-sales service for the professional cleaning industry. The operating segments of the organization are Europe, Americas, APAC, Consumer, Private Label and other. Geographically the activities are carried out throughout the region of Denmark.

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