Groupe Bruxelles Lambert (Groupe Bruxelles Lambert) Receivables Turnover : 2.90 (As of Mar. 2024)

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What is Groupe Bruxelles Lambert 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. Groupe Bruxelles Lambert's Revenue for the three months ended in Mar. 2024 was $1,898 Mil. Groupe Bruxelles Lambert's average Accounts Receivable for the three months ended in Mar. 2024 was $655 Mil. Hence, Groupe Bruxelles Lambert's Receivables Turnover for the three months ended in Mar. 2024 was 2.90.

Groupe Bruxelles Lambert Receivables Turnover Historical Data

The historical data trend for Groupe Bruxelles Lambert'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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Groupe Bruxelles Lambert Receivables Turnover Chart

Groupe Bruxelles Lambert Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.42

7.04

6.49

5.54

7.80

Groupe Bruxelles Lambert 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															1.54	2.51	2.07	2.75	2.90

Competitive Comparison of Groupe Bruxelles Lambert's Receivables Turnover

For the Asset Management subindustry, Groupe Bruxelles Lambert'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.

Groupe Bruxelles Lambert's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Groupe Bruxelles Lambert's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Groupe Bruxelles Lambert's Receivables Turnover falls into.

Groupe Bruxelles Lambert Receivables Turnover Calculation

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

Groupe Bruxelles Lambert'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 )
=	7135.333	/ (	(1174.47	+	654.962)	/	2 )
=	7135.333	/	914.716
=	7.80

Groupe Bruxelles Lambert'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 )
=	1898.152	/ (	(654.962	+	0)	/	1 )
=	1898.152	/	654.962
=	2.90

Groupe Bruxelles Lambert (OTCPK:GBLBF) 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.

Groupe Bruxelles Lambert Receivables Turnover Related Terms

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Groupe Bruxelles Lambert (Groupe Bruxelles Lambert) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Groupe Bruxelles Lambert SA (OTCPK:GBLBF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GBLBY:USA GBLBb:UK 0IN2:UK EAI:Germany EAI:Germany GBLB:Belgium

Address

24, Avenue Marnix, Brussels, BEL, B-1000

Website

https://www.gbl.be

Groupe Bruxelles Lambert SA is an investment holding company, operates as a foremost investor in Europe, focused on long-term value creation. The business activities of the firm are operated through Holding, Imerys, Webhelp/Sapiens, Canyon/GfG CapitaL, and Sienna Investment Managers. Geographically, it derives a majority of revenue from Europe and also has a presence in Asia-Oceania; North America, and other countries.

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