ArcelorMittal South Africa (STU:ISC1) Receivables Turnover : 5.58 (As of Dec. 2023)

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What is ArcelorMittal South Africa 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. ArcelorMittal South Africa's Revenue for the six months ended in Dec. 2023 was €1,013 Mil. ArcelorMittal South Africa's average Accounts Receivable for the six months ended in Dec. 2023 was €182 Mil. Hence, ArcelorMittal South Africa's Receivables Turnover for the six months ended in Dec. 2023 was 5.58.

ArcelorMittal South Africa Receivables Turnover Historical Data

The historical data trend for ArcelorMittal South Africa'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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ArcelorMittal South Africa Receivables Turnover Chart

ArcelorMittal South Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.24

10.20

18.38

14.58

14.41

ArcelorMittal South Africa Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															6.05	6.62	5.03	5.35	5.58

Competitive Comparison of ArcelorMittal South Africa's Receivables Turnover

For the Steel subindustry, ArcelorMittal South Africa'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.

ArcelorMittal South Africa's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where ArcelorMittal South Africa's Receivables Turnover falls into.

ArcelorMittal South Africa Receivables Turnover Calculation

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

ArcelorMittal South Africa'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 )
=	2049.135	/ (	(154.438	+	129.926)	/	2 )
=	2049.135	/	142.182
=	14.41

ArcelorMittal South Africa's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1013.421	/ (	(233.104	+	129.926)	/	2 )
=	1013.421	/	181.515
=	5.58

ArcelorMittal South Africa (STU:ISC1) 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.

ArcelorMittal South Africa Receivables Turnover Related Terms

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ArcelorMittal South Africa (STU:ISC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal South Africa Ltd (STU:ISC1) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ACL:South Africa ARCXF:USA ISC1:Germany

Address

Delfos Boulevard, Main Building, Vanderbijlpark Works, Vanderbijlpark, GT, ZAF, 1911

Website

https://www.arcelormittalsa.com

ArcelorMittal South Africa Ltd is a South Africa-based steel-producing company. The company's operating segments include Steel operations; Non-steel operations; Corporate and others. It generates the majority of total revenue from the Steel segment. The product range consists of hot-rolled coil, plate, coiled rounds, flats, reinforced bars, rounds, billets and channels, and commercial coke among others. The group operates mainly in South Africa. Export sales are mostly sold in sub-Saharan Africa, Asia, Europe, and America.

ArcelorMittal South Africa (STU:ISC1) Headlines

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