What is Beacon Roofing Supply 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. Beacon Roofing Supply's Revenue for the
three
months ended in Dec. 2023 was $2,300 Mil. Beacon Roofing Supply's average Accounts Receivable for the
three
months ended in Dec. 2023 was $1,278 Mil.
Hence, Beacon Roofing Supply's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.80.
Beacon Roofing Supply Receivables Turnover Historical Data
The historical data trend for Beacon Roofing Supply'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.
Competitive Comparison of Beacon Roofing Supply's Receivables Turnover
For the Industrial Distribution subindustry, Beacon Roofing Supply'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.
Beacon Roofing Supply's Receivables Turnover Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Beacon Roofing Supply's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Beacon Roofing Supply's Receivables Turnover falls into.
* 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.
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.
Beacon Roofing Supply Receivables Turnover Related Terms
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Beacon Roofing Supply (Beacon Roofing Supply) Business Description
Beacon Roofing Supply Inc manufactures and sells roofing and building materials throughout the United States and Canada. Beacon's key customers consist of contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes both residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products. The vast majority of Beacon's revenue comes from the United States.
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