Loomis AB (Loomis AB) Receivables Turnover : 2.06 (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Loomis 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. Loomis AB's Revenue for the three months ended in Mar. 2024 was $697 Mil. Loomis AB's average Accounts Receivable for the three months ended in Mar. 2024 was $339 Mil. Hence, Loomis AB's Receivables Turnover for the three months ended in Mar. 2024 was 2.06.

Loomis AB Receivables Turnover Historical Data

The historical data trend for Loomis 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.

Loomis AB Receivables Turnover Chart

Loomis AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

8.31

8.32

7.77

7.94

8.63

Loomis 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															2.04	2.03	2.03	2.19	2.06

Competitive Comparison of Loomis AB's Receivables Turnover

For the Security & Protection Services subindustry, Loomis 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.

Loomis AB's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Loomis AB's Receivables Turnover distribution charts can be found below:

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

Loomis AB Receivables Turnover Calculation

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

Loomis 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 )
=	2798.608	/ (	(319.04	+	329.317)	/	2 )
=	2798.608	/	324.1785
=	8.63

Loomis 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 )
=	696.647	/ (	(329.317	+	348.371)	/	2 )
=	696.647	/	338.844
=	2.06

Loomis AB (OTCPK:LOIMF) 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.

Loomis AB Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Loomis AB's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Loomis AB (Loomis AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Loomis AB (OTCPK:LOIMF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LOOMIS:Sweden 0JYZ:UK K900:Germany

Address

Drottninggatan 82, 4th floor, P.O Box 702, Stockholm, SWE, 111 36

Website

https://www.loomis.com

Loomis AB is a Sweden-based company primarily engaged in cash handling services, which include cash in transit, or CIT, and cash management services, or CMS. CIT involves transporting cash to and from stores, banks and ATMs. CMS involves moving cash from customers to Loomis' cash centers where Loomis counts and packages bills and coins with quality assurance. CMS also involves cash flow analyzing, forecasting, and reporting, as well as other customized solutions. Besides CIT and CMS, Loomis also provides cross-border transportation services and general cargo services. Its segments are Europe, the United States, and Loomis Pay.