Kendrion NV (XAMS:KENDR) Receivables Turnover : 1.51 (As of Mar. 2024)

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What is Kendrion NV 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. Kendrion NV's Revenue for the three months ended in Mar. 2024 was €75.1 Mil. Kendrion NV's average Accounts Receivable for the three months ended in Mar. 2024 was €49.7 Mil. Hence, Kendrion NV's Receivables Turnover for the three months ended in Mar. 2024 was 1.51.

Kendrion NV Receivables Turnover Historical Data

The historical data trend for Kendrion NV'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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Kendrion NV Receivables Turnover Chart

Kendrion NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.07

8.80

8.92

8.98

9.16

Kendrion NV 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															1.19	1.68	1.56	1.83	1.51

Competitive Comparison of Kendrion NV's Receivables Turnover

For the Auto Parts subindustry, Kendrion NV'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.

Kendrion NV's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

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

Kendrion NV Receivables Turnover Calculation

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

Kendrion NV'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 )
=	518.5	/ (	(58.8	+	54.4)	/	2 )
=	518.5	/	56.6
=	9.16

Kendrion NV'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 )
=	75.1	/ (	(54.4	+	44.9)	/	2 )
=	75.1	/	49.65
=	1.51

Kendrion NV (XAMS:KENDR) 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.

Kendrion NV Receivables Turnover Related Terms

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Kendrion NV (XAMS:KENDR) Business Description

Industry

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KENDRa:UK K3E:Germany

Address

Herikerbergweg 213, Vesta Building, 5th floor, Amsterdam, NLD, 1101 CN

Website

https://www.kendrion.com

Kendrion NV is engaged in developing, manufacturing and marketing electromagnetic and mechatronic systems and components for industrial and automotive applications. Its core business activities include electromagnetic components and mechatronic solutions for customer applications in the industrial and automotive sector; customized mechatronic solutions to automatic processes; electromagnetic solenoids, brakes, holding magnets, valves, controllers and clutches for industrial applications and individual systems for commercial vehicles as well as off-highway application and hydraulic industry. The company has two business divisions namely Automotive and Industrial. The majority of the revenue comes from Germany.

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