Steel Partners Holdings LP (Steel Partners Holdings LP) Receivables Turnover : 2.17 (As of Mar. 2024)

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What is Steel Partners Holdings LP 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. Steel Partners Holdings LP's Revenue for the three months ended in Mar. 2024 was $476.35 Mil. Steel Partners Holdings LP's average Accounts Receivable for the three months ended in Mar. 2024 was $219.99 Mil. Hence, Steel Partners Holdings LP's Receivables Turnover for the three months ended in Mar. 2024 was 2.17.

Steel Partners Holdings LP Receivables Turnover Historical Data

The historical data trend for Steel Partners Holdings LP'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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Steel Partners Holdings LP Receivables Turnover Chart

Steel Partners Holdings LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.67

7.85

8.52

8.97

9.52

Steel Partners Holdings LP 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															2.32	2.20	2.01	2.07	2.17

Competitive Comparison of Steel Partners Holdings LP's Receivables Turnover

For the Conglomerates subindustry, Steel Partners Holdings LP'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.

Steel Partners Holdings LP's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Steel Partners Holdings LP's Receivables Turnover falls into.

Steel Partners Holdings LP Receivables Turnover Calculation

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

Steel Partners Holdings LP'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 )
=	1905.457	/ (	(183.861	+	216.429)	/	2 )
=	1905.457	/	200.145
=	9.52

Steel Partners Holdings LP'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 )
=	476.346	/ (	(216.429	+	223.559)	/	2 )
=	476.346	/	219.994
=	2.17

Steel Partners Holdings LP (NYSE:SPLPpT.PFD) 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.

Steel Partners Holdings LP Receivables Turnover Related Terms

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Steel Partners Holdings LP (Steel Partners Holdings LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Steel Partners Holdings LP (NYSE:SPLPpT.PFD) » Definitions » Receivables Turnover

Comparable Companies

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SPLPpA.PFD:USA SPLP:USA

Address

590 Madison Avenue, 32nd Floor, New York, NY, USA, 10022

Website

https://www.steelpartners.com

Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. It operates in various segments including the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and metallized films and packaging businesses; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in a full range of banking activities.