NNIT AS (FRA:5NN) Receivables Turnover : 1.93 (As of Jun. 2024)

NNIT AS Receivables Turnover Chart

NNIT AS Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Receivables Turnover		Get a 7-Day Free Trial					5.20	5.05	2.78	3.44	4.14

NNIT AS Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.53	1.85	2.05	2.01	1.93

Competitive Comparison of NNIT AS's Receivables Turnover

For the Information Technology Services subindustry, NNIT 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.

NNIT AS's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, NNIT AS's Receivables Turnover distribution charts can be found below:

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

NNIT AS Receivables Turnover Calculation

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

NNIT AS's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

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

* 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.

NNIT AS  (FRA:5NN) 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.

NNIT AS Receivables Turnover Related Terms

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NNIT AS Business Description