Lvmh Moet Hennessy Louis Vuitton SE (Lvmh Moet Hennessy Louis Vuitton SE) Receivables Turnover : 9.90 (As of Dec. 2023)

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What is Lvmh Moet Hennessy Louis Vuitton SE 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. Lvmh Moet Hennessy Louis Vuitton SE's Revenue for the six months ended in Dec. 2023 was $47,888 Mil. Lvmh Moet Hennessy Louis Vuitton SE's average Accounts Receivable for the six months ended in Dec. 2023 was $4,839 Mil. Hence, Lvmh Moet Hennessy Louis Vuitton SE's Receivables Turnover for the six months ended in Dec. 2023 was 9.90.

Lvmh Moet Hennessy Louis Vuitton SE Receivables Turnover Historical Data

The historical data trend for Lvmh Moet Hennessy Louis Vuitton SE'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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Lvmh Moet Hennessy Louis Vuitton SE Receivables Turnover Chart

Lvmh Moet Hennessy Louis Vuitton SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.90

15.12

19.01

19.09

19.44

Lvmh Moet Hennessy Louis Vuitton SE 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															10.25	9.04	10.20	10.13	9.90

Competitive Comparison of Lvmh Moet Hennessy Louis Vuitton SE's Receivables Turnover

For the Luxury Goods subindustry, Lvmh Moet Hennessy Louis Vuitton SE'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.

Lvmh Moet Hennessy Louis Vuitton SE's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lvmh Moet Hennessy Louis Vuitton SE's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lvmh Moet Hennessy Louis Vuitton SE's Receivables Turnover falls into.

Lvmh Moet Hennessy Louis Vuitton SE Receivables Turnover Calculation

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

Lvmh Moet Hennessy Louis Vuitton SE'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 )
=	93950.927	/ (	(4510.593	+	5155.943)	/	2 )
=	93950.927	/	4833.268
=	19.44

Lvmh Moet Hennessy Louis Vuitton SE'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 )
=	47887.677	/ (	(4521.127	+	5155.943)	/	2 )
=	47887.677	/	4838.535
=	9.90

Lvmh Moet Hennessy Louis Vuitton SE (OTCPK:LVMHF) 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.

Lvmh Moet Hennessy Louis Vuitton SE Receivables Turnover Related Terms

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Lvmh Moet Hennessy Louis Vuitton SE (Lvmh Moet Hennessy Louis Vuitton SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lvmh Moet Hennessy Louis Vuitton SE (OTCPK:LVMHF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LVMUY:USA LVMH01:Thailand MC:Mexico LVMH:Italy MCp:UK 0HAU:UK MC:France MOH:Germany MC:Austria

Address

22, Avenue Montaigne, Paris, FRA, 75008

Website

https://www.lvmh.com

LVMH is a global producer and distributor of luxury goods. It operates six segments: fashion and leather goods, its largest and oldest; watches and jewelry; wines and spirits; perfumes and cosmetics; selective retailing (including Sephora and airport duty-free retailer DFS); and other (including publishing). Higher-profile brands include Louis Vuitton, Bulgari, Fendi, Givenchy, Tag Heuer, Hennessy, Moet & Chandon, Glenmorangie, Sephora, and Benefit. LVMH operates more than 5,000 stores around the globe.