Clariant AG (Clariant AG) Receivables Turnover : 3.47 (As of Dec. 2023)

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What is Clariant 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. Clariant AG's Revenue for the six months ended in Dec. 2023 was $2,420 Mil. Clariant AG's average Accounts Receivable for the six months ended in Dec. 2023 was $698 Mil. Hence, Clariant AG's Receivables Turnover for the six months ended in Dec. 2023 was 3.47.

Clariant AG Receivables Turnover Historical Data

The historical data trend for Clariant 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.

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Clariant AG Receivables Turnover Chart

Clariant AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.21

6.48

6.59

7.11

7.06

Clariant 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															3.30	3.21	3.46	3.34	3.47

Competitive Comparison of Clariant AG's Receivables Turnover

For the Specialty Chemicals subindustry, Clariant 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.

Clariant AG's Receivables Turnover Distribution in the Chemicals Industry

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

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

Clariant AG Receivables Turnover Calculation

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

Clariant 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 )
=	5061.286	/ (	(778.231	+	655.643)	/	2 )
=	5061.286	/	716.937
=	7.06

Clariant 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 )
=	2420.213	/ (	(739.671	+	655.643)	/	2 )
=	2420.213	/	697.657
=	3.47

Clariant AG (OTCPK:CLZNF) 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.

Clariant AG Receivables Turnover Related Terms

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Clariant AG (Clariant AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Clariant AG (OTCPK:CLZNF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CLZNY:USA CLNz:UK 0QJS:UK CLRS:Germany CLN:Switzerland

Address

Rothausstrasse 61, Muttenz, CHE, 4132

Website

http://www.clariant.com

Clariant is a Switzerland-based specialty chemicals company with global operations. The company reports in three business areas: care chemicals, absorbents and additives, and catalysts. Care chemicals mainly targets consumer end markets such as personal care and homecare, but it also has an industrial component. Absorbents and additives encompass Clariant's coatings and adhesives, absorbents, and plastics segments. Catalysts manufacturers process catalysts, mainly for petrochemical and syngas plants.