Cargotec Oyj (Cargotec Oyj) Receivables Turnover : 1.62 (As of Dec. 2023)

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What is Cargotec Oyj 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. Cargotec Oyj's Revenue for the three months ended in Dec. 2023 was $1,301 Mil. Cargotec Oyj's average Accounts Receivable for the three months ended in Dec. 2023 was $801 Mil. Hence, Cargotec Oyj's Receivables Turnover for the three months ended in Dec. 2023 was 1.62.

Cargotec Oyj Receivables Turnover Historical Data

The historical data trend for Cargotec Oyj'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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Cargotec Oyj Receivables Turnover Chart

Cargotec Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.61

5.69

5.48

5.80

6.36

Cargotec Oyj Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.50	1.46	1.51	1.36	1.62

Competitive Comparison of Cargotec Oyj's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Cargotec Oyj'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.

Cargotec Oyj's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Cargotec Oyj's Receivables Turnover distribution charts can be found below:

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

Cargotec Oyj Receivables Turnover Calculation

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

Cargotec Oyj'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 )
=	4982.334	/ (	(778.284	+	789.313)	/	2 )
=	4982.334	/	783.7985
=	6.36

Cargotec Oyj'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1301.309	/ (	(812.593	+	789.313)	/	2 )
=	1301.309	/	800.953
=	1.62

Cargotec Oyj (OTCPK:CYJBF) 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.

Cargotec Oyj Receivables Turnover Related Terms

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Cargotec Oyj (Cargotec Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Cargotec Oyj (OTCPK:CYJBF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

0MGH:UK CGCBV:Finland C1C:Germany

Address

Porkkalankatu 5, Helsinki, FIN, 00180

Website

https://www.cargotec.com

Cargotec Oyj provides cargo and load handling solutions. Its product portfolio consists of a wide range of handling equipment and solutions, including services for terminals and distribution centers, spare parts for on-road delivery, and systems for handling marine cargo. Mobile equipment mixed with automation and energy-efficient offerings helps customers integrate different handling processes. Cargotec operates three business segments: Kalmar, Hiab, and MacGregor. The majority of sales derive from distributing products, but a global network offers services and components. Customers range from small businesses to large national organizations. The company has established customer relationships in Europe/Middle East/Africa, Asia-Pacific, and the Americas.

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