Velan (FRA:946) Receivables Turnover : 1.14 (As of Feb. 2024)

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What is Velan 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. Velan's Revenue for the three months ended in Feb. 2024 was €109.3 Mil. Velan's average Accounts Receivable for the three months ended in Feb. 2024 was €95.9 Mil. Hence, Velan's Receivables Turnover for the three months ended in Feb. 2024 was 1.14.

Velan Receivables Turnover Historical Data

The historical data trend for Velan'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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Velan Receivables Turnover Chart

Velan Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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2.94

2.18

3.50

3.45

3.10

Velan Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															0.99	0.66	0.84	0.83	1.14

Competitive Comparison of Velan's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Velan'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.

Velan's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Velan Receivables Turnover Calculation

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

Velan's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	321.498	/ (	(105.587	+	101.852)	/	2 )
=	321.498	/	103.7195
=	3.10

Velan's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	109.288	/ (	(90.027	+	101.852)	/	2 )
=	109.288	/	95.9395
=	1.14

Velan (FRA:946) 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.

Velan Receivables Turnover Related Terms

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Velan (FRA:946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Velan Inc (FRA:946) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VLNSF:USA VLN:Canada

Address

7007 Cote de Liesse, Montreal, QC, CAN, H4T 1G2

Website

https://www.velan.com

Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions: Canada, the United States, France, Italy, and Other countries.

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