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. RPM International's Revenue for the
three
months ended in Feb. 2024 was $1,523 Mil. RPM International's average Accounts Receivable for the
three
months ended in Feb. 2024 was $1,153 Mil.
Hence, RPM International's Receivables Turnover for the
three
months ended in Feb. 2024 was 1.32.
RPM International Receivables Turnover Historical Data
The historical data trend for RPM International'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.
Competitive Comparison of RPM International's Receivables Turnover
For the Specialty Chemicals subindustry, RPM International'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.
RPM International's Receivables Turnover Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, RPM International's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where RPM International's Receivables Turnover falls into.
RPM International Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
RPM International's Receivables Turnover for the fiscal year that ended in May. 2023 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.
RPM International (NYSE:RPM) 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.
RPM International Receivables Turnover Related Terms
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RPM International (RPM International) Business Description
RPM International Inc manufactures and sells a variety of paints, coatings, and adhesives. The firm organizes itself into four segments based on product type. The construction products group sells coatings, roofing, insulation, and other products to distributers, contractors, and end consumers globally. The performance coatings group produces coatings that are used in construction and industrial applications like floorings and corrosion control. The consumer group sells paint, finishes, and similar products to individual consumers through hardware and craft stores. The specialty products group sells a variety of products ranging from niche applications of the other groups, to marine finishes, to edible food colorings. The majority of revenue comes from North America.
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