Schindler Holding AG (Schindler Holding AG) Receivables Turnover : 1.22 (As of Mar. 2024)

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What is Schindler Holding AG 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. Schindler Holding AG's Revenue for the three months ended in Mar. 2024 was $3,008 Mil. Schindler Holding AG's average Accounts Receivable for the three months ended in Mar. 2024 was $2,462 Mil. Hence, Schindler Holding AG's Receivables Turnover for the three months ended in Mar. 2024 was 1.22.

Schindler Holding AG Receivables Turnover Historical Data

The historical data trend for Schindler Holding AG'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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Schindler Holding AG Receivables Turnover Chart

Schindler Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.79

5.43

4.98

5.01

5.50

Schindler Holding AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.37	1.27	1.39	-	1.22

Competitive Comparison of Schindler Holding AG's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Schindler Holding AG'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.

Schindler Holding AG's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Schindler Holding AG's Receivables Turnover falls into.

Schindler Holding AG Receivables Turnover Calculation

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

Schindler Holding AG'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 )
=	13290.934	/ (	(2371.189	+	2461.841)	/	2 )
=	13290.934	/	2416.515
=	5.50

Schindler Holding AG'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 )
=	3008.103	/ (	(2461.841	+	0)	/	1 )
=	3008.103	/	2461.841
=	1.22

Schindler Holding AG (OTCPK:SHLAF) 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.

Schindler Holding AG Receivables Turnover Related Terms

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Schindler Holding AG (Schindler Holding AG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

SHLRF:USA SCHP:Mexico SCHNz:UK SCHPz:UK 0QO1:UK SCHP:Switzerland SCHN:Switzerland

Address

Seestrasse 55, Hergiswil, CHE, 6052

Website

https://www.schindler.com

Switzerland-based Schindler is a top-four global supplier of elevators and escalators. The business generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing existing installations. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. Ninety percent of its business is in elevators, which are more numerous globally than escalators. Its business model is similar to that of closest competitors Otis, Kone, and TK Elevator.

Schindler Holding AG (Schindler Holding AG) Headlines

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