Wacker Chemie AG (XTER:WCH) Receivables Turnover : 3.39 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Wacker Chemie AG 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. Wacker Chemie AG's Revenue for the six months ended in Dec. 2023 was €2,905 Mil. Wacker Chemie AG's average Accounts Receivable for the six months ended in Dec. 2023 was €856 Mil. Hence, Wacker Chemie AG's Receivables Turnover for the six months ended in Dec. 2023 was 3.39.

Wacker Chemie AG Receivables Turnover Historical Data

The historical data trend for Wacker Chemie AG'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.

* Premium members only.

Wacker Chemie AG Receivables Turnover Chart

Wacker Chemie AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

7.50

7.46

8.55

9.43

7.51

Wacker Chemie AG 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															4.05	4.20	3.74	3.80	3.39

Competitive Comparison of Wacker Chemie AG's Receivables Turnover

For the Specialty Chemicals subindustry, Wacker Chemie AG'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.

Wacker Chemie AG's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Wacker Chemie AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wacker Chemie AG's Receivables Turnover falls into.

Wacker Chemie AG Receivables Turnover Calculation

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

Wacker Chemie AG'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 )
=	6402.2	/ (	(916.2	+	788.6)	/	2 )
=	6402.2	/	852.4
=	7.51

Wacker Chemie AG'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 )
=	2905.4	/ (	(924	+	788.6)	/	2 )
=	2905.4	/	856.3
=	3.39

Wacker Chemie AG (XTER:WCH) 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.

Wacker Chemie AG Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Wacker Chemie AG's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Wacker Chemie AG (XTER:WCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Wacker Chemie AG (XTER:WCH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

WKCMF:USA 1WCH:Italy WCHd:UK 0NR4:UK

Address

Hanns-Seidel-Platz 4, Munich, BY, DEU, 81737

Website

https://www.wacker.com

Wacker Chemie AG manufactures and sells chemicals and silicon-based products. The firm organizes itself into four segments based on product type. The Wacker Silicones segment, which generates the most revenue of any segment, sells silicon- and methanol-based products, including durable insulators, lubricants, and sealants. The Wacker Polymers segment provides chemical binders and additives used in construction industry products. The Wacker Biosolutions segment sells chemicals to the pharmaceutical and agrochemical industries. The Wacker Polysilicon segment sells material for solar power and semiconductors. The majority of revenue comes from Europe, China, India, and South Korea.

Wacker Chemie AG (XTER:WCH) Headlines

No Headlines