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Graphic Packaging Holding Co (Graphic Packaging Holding Co) Receivables Turnover : 2.82 (As of Dec. 2023)


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What is Graphic Packaging Holding Co 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. Graphic Packaging Holding Co's Revenue for the three months ended in Dec. 2023 was $2,249 Mil. Graphic Packaging Holding Co's average Accounts Receivable for the three months ended in Dec. 2023 was $799 Mil. Hence, Graphic Packaging Holding Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.82.


Graphic Packaging Holding Co Receivables Turnover Historical Data

The historical data trend for Graphic Packaging Holding Co'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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Graphic Packaging Holding Co Receivables Turnover Chart

Graphic Packaging Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.44 12.52 10.36 11.88 12.41

Graphic Packaging Holding Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.82 2.84 2.59 2.59 2.82

Competitive Comparison of Graphic Packaging Holding Co's Receivables Turnover

For the Packaging & Containers subindustry, Graphic Packaging Holding Co'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.


Graphic Packaging Holding Co's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Graphic Packaging Holding Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Graphic Packaging Holding Co's Receivables Turnover falls into.



Graphic Packaging Holding Co Receivables Turnover Calculation

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

Graphic Packaging Holding Co'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 )
=9428 / ((804 + 716) / 2 )
=9428 / 760
=12.41

Graphic Packaging Holding Co'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 )
=2249 / ((881 + 716) / 2 )
=2249 / 798.5
=2.82

* 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.


Graphic Packaging Holding Co  (NYSE:GPK) 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.


Graphic Packaging Holding Co Receivables Turnover Related Terms

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Graphic Packaging Holding Co (Graphic Packaging Holding Co) Business Description

Traded in Other Exchanges
Address
1500 Riveredge Parkway, Suite 100, Atlanta, GA, USA, 30328
Graphic Packaging Holding Co is a holding company that manufactures and sells a variety of paper-based consumer packaging products through its subsidiaries. The company's two primary functions include the sale of paperboard packaging and the operation of paperboard mills. The paperboard packaging business includes packaging for beverages, including beer and soft drinks as well as food, including cereal, frozen foods, and pet foods. The firm also sells paperboard packaging for household products, including dishwasher and laundry detergent and personal care products. Graphic Packaging operates papermills that sell laminated and coated packaging products to third parties. The majority of revenue comes from the Americas.
Executives
Stephen R. Scherger officer: SVP, Consumer Packaging Div. 3901 SULGRAVE ROAD, RICHMOND VA 23221
Lynn A Wentworth director CINCINNATI BELL INC, P O BOX 2301, CINCINNATI OH 45201
Michael James Farrell officer: EVP, Mills Division 1500 RIVEREDGE PARKWAY, SUITE 100, ATLANTA GA 30328
Jean Francois Roche officer: SVP and President, EMEA 1500 RIVEREDGE PARKWAY, SUITE 100, AT GA 30328
Elizabeth Spence officer: EVP, Human Resources 1500 RIVEREDGE PARKWAY, N.W., SUITE 100, ATLANTA GA 30328
Aziz Aghili director 5706 KIRKRIDGE TRAIL, ROCHESTER HILLS MI 48306
Margie Kay Bidlingmaier officer: EVP, President, Americas Busi 1500 RIVEREDGE PARKWAY, SUITE 100, ATLANTA GA 30328
Mary K Rhinehart director 821 17TH STREET, DENVER CO 80202
Joseph P Yost officer: SVP, Supply Chain 814 LIVINGSTON COURT, MARIETTA GA 30067
Larry M Venturelli director 2000 M-63N, BENTON HARBOR MI 49022
Charles D Lischer officer: SVP & CAO 2500 WINDY RIDGE PARKWAY, SUITE 700, ATLANTA GA 30339
Stacey J. Panayiotou officer: EVP, Human Resources 9200 W. 108TH CIRCLE, WESTMINSTER CO 80021
Robert Hagemann director 3 GIRALDA FARMS, MADISON NJ 07940
Laurie Brlas director C/O ALBEMARLE CORPORATION, 4250 CONGRESS ST STE 900, CHARLOTTE NC 28209
Dean A Scarborough director 150 N. ORANGE GROVE BLVD, PASADENA CA 91103