Winpak (TSX:WPK) Receivables Turnover : 1.41 (As of Mar. 2024)

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What is Winpak 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. Winpak's Revenue for the three months ended in Mar. 2024 was C$375 Mil. Winpak's average Accounts Receivable for the three months ended in Mar. 2024 was C$266 Mil. Hence, Winpak's Receivables Turnover for the three months ended in Mar. 2024 was 1.41.

Winpak Receivables Turnover Historical Data

The historical data trend for Winpak'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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Winpak Receivables Turnover Chart

Winpak Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.88

6.67

6.93

6.88

5.98

Winpak 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															1.58	1.42	1.43	1.44	1.41

Competitive Comparison of Winpak's Receivables Turnover

For the Packaging & Containers subindustry, Winpak'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.

Winpak's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Winpak's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Winpak's Receivables Turnover falls into.

Winpak Receivables Turnover Calculation

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

Winpak'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 )
=	1531.312	/ (	(254.67	+	257.701)	/	2 )
=	1531.312	/	256.1855
=	5.98

Winpak'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 )
=	374.653	/ (	(257.701	+	273.396)	/	2 )
=	374.653	/	265.5485
=	1.41

Winpak (TSX:WPK) 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.

Winpak Receivables Turnover Related Terms

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Winpak (TSX:WPK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Winpak Ltd (TSX:WPK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

WIPKF:USA 25W:Germany

Address

100 Saulteaux Crescent, Winnipeg, MB, CAN, R3J 3T3

Website

https://www.winpak.com

Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery. The flexible packaging segment includes modified atmosphere packaging, specialty films, and biaxially oriented nylon product groups. The rigid packaging and flexible lidding segment include rigid containers, lidding, and specialized printed packaging product groups. The company's geographical segments include the United States, Canada, and Mexico & others.

Executives

Dave Alexander

Senior Officer

Winpak (TSX:WPK) Headlines

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