Lanxess AG (Lanxess AG) Receivables Turnover : 2.14 (As of Sep. 2023)

Lanxess AG Receivables Turnover Chart

Lanxess AG Annual Data
	Trend	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Receivables Turnover		Get a 7-Day Free Trial					6.01	8.03	8.43	6.59	8.18

Lanxess AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.11	2.14	2.26	2.21	2.14

Competitive Comparison of Lanxess AG's Receivables Turnover

For the Specialty Chemicals subindustry, Lanxess 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.

Lanxess AG's Receivables Turnover Distribution in the Chemicals Industry

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

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

Lanxess AG Receivables Turnover Calculation

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

Lanxess AG's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Lanxess AG's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

* 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.

Lanxess AG  (OTCPK:LNXSF) 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.

Lanxess AG Receivables Turnover Related Terms

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

Lanxess AG (Lanxess AG) Business Description