QleanAir AB (OSTO:QAIR) Receivables Turnover : 3.06 (As of Mar. 2024)

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What is QleanAir 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. QleanAir AB's Revenue for the three months ended in Mar. 2024 was kr119.1 Mil. QleanAir AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr38.9 Mil. Hence, QleanAir AB's Receivables Turnover for the three months ended in Mar. 2024 was 3.06.

QleanAir AB Receivables Turnover Historical Data

The historical data trend for QleanAir 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.

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QleanAir AB Receivables Turnover Chart

QleanAir AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.72

14.05

14.79

16.99

14.95

QleanAir 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															3.66	3.66	3.46	3.19	3.06

Competitive Comparison of QleanAir AB's Receivables Turnover

For the Pollution & Treatment Controls subindustry, QleanAir 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.

QleanAir AB's Receivables Turnover Distribution in the Industrial Products Industry

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

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

QleanAir AB Receivables Turnover Calculation

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

QleanAir 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 )
=	503.518	/ (	(26.921	+	40.417)	/	2 )
=	503.518	/	33.669
=	14.95

QleanAir 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 )
=	119.127	/ (	(40.417	+	37.392)	/	2 )
=	119.127	/	38.9045
=	3.06

QleanAir AB (OSTO:QAIR) 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.

QleanAir AB Receivables Turnover Related Terms

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QleanAir AB (OSTO:QAIR) Business Description

Industry

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9ZJ:Germany

Address

Torggatan 13, Box 1178, Solna, Stockholm, SWE, SE-171 23

Website

https://www.qleanair.com

QleanAir AB is a provider of air cleaning solutions for indoor environments. Its solutions are used to protect people, processes, and products from harmful particles and gases, which are captured and filtered through its products. It conducts its business in EMEA, APAC, and America. It generates revenues from the sale of its products such as Cabin Solutions, Air Cleaners, and Cleanrooms.

QleanAir AB (OSTO:QAIR) Headlines

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