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Scandi Standard AB (OSTO:SCST) Receivables Turnover : 2.79 (As of Mar. 2024)


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What is Scandi Standard 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. Scandi Standard AB's Revenue for the three months ended in Mar. 2024 was kr3,160 Mil. Scandi Standard AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr1,135 Mil. Hence, Scandi Standard AB's Receivables Turnover for the three months ended in Mar. 2024 was 2.79.


Scandi Standard AB Receivables Turnover Historical Data

The historical data trend for Scandi Standard 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.

* Premium members only.

Scandi Standard AB Receivables Turnover Chart

Scandi Standard AB 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 11.30 11.56 12.41 12.72 12.17

Scandi Standard 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 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 2.83 2.71 2.60 2.62 2.79

Competitive Comparison of Scandi Standard AB's Receivables Turnover

For the Packaged Foods subindustry, Scandi Standard 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.


Scandi Standard AB's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Scandi Standard AB's Receivables Turnover distribution charts can be found below:

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



Scandi Standard AB Receivables Turnover Calculation

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

Scandi Standard 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 )
=13014 / ((1095 + 1044) / 2 )
=13014 / 1069.5
=12.17

Scandi Standard 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 )
=3160 / ((1044 + 1225) / 2 )
=3160 / 1134.5
=2.79

* 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.


Scandi Standard AB  (OSTO:SCST) 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.


Scandi Standard AB Receivables Turnover Related Terms

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Scandi Standard AB (OSTO:SCST) Business Description

Traded in Other Exchanges
Address
Strandbergsgatan 55, P.O.Box 30174, Stockholm, SWE, SE-104 25
Scandi Standard AB is a food company. It supplies chicken and chicken-based products in the Nordic region and Ireland. It markets and sells its products under Kronfagel, Danpo, Den Stolte Hane, Naapurin Maalaiskana, and Manor Farm brand names. The company has operations in Sweden, Denmark, Norway, Ireland, and Finland. It generates the majority of its revenue from Sweden.

Scandi Standard AB (OSTO:SCST) Headlines

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