Paragon GmbH KGaA (STU:PGN) Receivables Turnover : 5.63 (As of Mar. 2024)

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What is Paragon GmbH KGaA 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. Paragon GmbH KGaA's Revenue for the three months ended in Mar. 2024 was €41.5 Mil. Paragon GmbH KGaA's average Accounts Receivable for the three months ended in Mar. 2024 was €7.4 Mil. Hence, Paragon GmbH KGaA's Receivables Turnover for the three months ended in Mar. 2024 was 5.63.

Paragon GmbH KGaA Receivables Turnover Historical Data

The historical data trend for Paragon GmbH KGaA'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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Paragon GmbH KGaA Receivables Turnover Chart

Paragon GmbH KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.44

4.57

12.42

17.85

24.29

Paragon GmbH KGaA 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															5.81	4.80	4.66	5.57	5.63

Competitive Comparison of Paragon GmbH KGaA's Receivables Turnover

For the Auto Parts subindustry, Paragon GmbH KGaA'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.

Paragon GmbH KGaA's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Paragon GmbH KGaA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Paragon GmbH KGaA's Receivables Turnover falls into.

Paragon GmbH KGaA Receivables Turnover Calculation

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

Paragon GmbH KGaA'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 )
=	173.711	/ (	(7.66	+	6.646)	/	2 )
=	173.711	/	7.153
=	24.29

Paragon GmbH KGaA'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 )
=	41.546	/ (	(6.646	+	8.105)	/	2 )
=	41.546	/	7.3755
=	5.63

Paragon GmbH KGaA (STU:PGN) 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.

Paragon GmbH KGaA Receivables Turnover Related Terms

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Paragon GmbH KGaA (STU:PGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Paragon GmbH & Co KGaA (STU:PGN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PGN:Germany

Address

Bosendamm 11, Delbruck, DEU, 33129

Website

https://www.paragon.ag

Paragon GmbH & Co KGaA develops and manufactures electronic components and sensors for the automotive industry. The business activity of the firm is operated in two segments namely Electronics and Mechanics. The Electronics segment that derives the majority of revenue sells air-quality sensors, high-end acoustic systems, and display instruments. The Mechanics segment focuses on adjustable body components such as adaptively extendable spoilers. Geographically all the activity of the firm functions through Germany, however, it also holds a presence at the international level.

Paragon GmbH KGaA (STU:PGN) Headlines

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