Outokumpu Oyj (OHEL:OUT1V) Receivables Turnover : 2.64 (As of Mar. 2024)

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What is Outokumpu Oyj 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. Outokumpu Oyj's Revenue for the three months ended in Mar. 2024 was €1,479 Mil. Outokumpu Oyj's average Accounts Receivable for the three months ended in Mar. 2024 was €561 Mil. Hence, Outokumpu Oyj's Receivables Turnover for the three months ended in Mar. 2024 was 2.64.

Outokumpu Oyj Receivables Turnover Historical Data

The historical data trend for Outokumpu Oyj'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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Outokumpu Oyj Receivables Turnover Chart

Outokumpu Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.23

15.18

14.77

15.96

12.64

Outokumpu Oyj 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															2.73	2.21	1.92	2.43	2.64

Competitive Comparison of Outokumpu Oyj's Receivables Turnover

For the Steel subindustry, Outokumpu Oyj'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.

Outokumpu Oyj's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Outokumpu Oyj's Receivables Turnover distribution charts can be found below:

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

Outokumpu Oyj Receivables Turnover Calculation

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

Outokumpu Oyj'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 )
=	6961	/ (	(593	+	508)	/	2 )
=	6961	/	550.5
=	12.64

Outokumpu Oyj'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 )
=	1479	/ (	(508	+	613)	/	2 )
=	1479	/	560.5
=	2.64

Outokumpu Oyj (OHEL:OUT1V) 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.

Outokumpu Oyj Receivables Turnover Related Terms

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Outokumpu Oyj (OHEL:OUT1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Outokumpu Oyj (OHEL:OUT1V) » Definitions » Receivables Turnover

Traded in Other Exchanges

OUTKY:USA OUTFF:USA OUT1Vh:UK 0FJ8:UK OUTA:Germany

Address

Salmisaarenranta 11, Helsinki, FIN, FI-00180

Website

https://www.outokumpu.com

Outokumpu Oyj is a steel and alloys maker. Its business is divided into four business areas which are Europe, Americas, Long Products and Ferrochrome. Europe consists of both coil and plate operations in Europe. The high-volume and tailored standard stainless-steel grades are primarily used for example in architecture, building and construction, chemical, petrochemical and energy sectors, as well as other process industries. Americas produces standard austenitic and ferritic grades as well as tailored products. Long Products are used in a wide range of applications such as springs, wires, and surgical equipment and Ferrochrome produces charge grade of ferrochrome.

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