Norconsult ASA (OSL:NORCO) Receivables Turnover : 2.98 (As of Dec. 2023)

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What is Norconsult ASA 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. Norconsult ASA's Revenue for the six months ended in Dec. 2023 was kr4,598 Mil. Norconsult ASA's average Accounts Receivable for the six months ended in Dec. 2023 was kr1,542 Mil. Hence, Norconsult ASA's Receivables Turnover for the six months ended in Dec. 2023 was 2.98.

Norconsult ASA Receivables Turnover Historical Data

The historical data trend for Norconsult ASA'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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Norconsult ASA Receivables Turnover Chart

Norconsult ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.93

5.44

5.79

6.30

6.05

Norconsult ASA Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	3.37	2.95	3.67	2.98

Competitive Comparison of Norconsult ASA's Receivables Turnover

For the Engineering & Construction subindustry, Norconsult ASA'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.

Norconsult ASA's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Norconsult ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Norconsult ASA's Receivables Turnover falls into.

Norconsult ASA Receivables Turnover Calculation

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

Norconsult ASA'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 )
=	9567	/ (	(1393	+	1769)	/	2 )
=	9567	/	1581
=	6.05

Norconsult ASA'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 )
=	4598	/ (	(1315	+	1769)	/	2 )
=	4598	/	1542
=	2.98

Norconsult ASA (OSL:NORCO) 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.

Norconsult ASA Receivables Turnover Related Terms

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Norconsult ASA (OSL:NORCO) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

NORCOo:UK

Address

Vestfjordgaten 4, Sandvika, NOR, 1338

Website

https://www.norconsult.com

Norconsult ASA is principally engaged in the provision of planning and consultancy services for all phases of social planning, engineering design and architecture projects. The Group also develops and distributes complete IT solutions for project, building and facility management for infrastructure and property.

Norconsult ASA (OSL:NORCO) Headlines

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