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. Materion's Revenue for the
three
months ended in Dec. 2023 was $421 Mil. Materion's average Accounts Receivable for the
three
months ended in Dec. 2023 was $189 Mil.
Hence, Materion's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.22.
Materion Receivables Turnover Historical Data
The historical data trend for Materion'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.
Competitive Comparison of Materion's Receivables Turnover
For the Other Industrial Metals & Mining subindustry, Materion'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.
Materion's Receivables Turnover Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Materion's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Materion's Receivables Turnover falls into.
Materion Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Materion's Receivables Turnover for the fiscal year that ended in Dec. 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.
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.
Materion Receivables Turnover Related Terms
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Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. The company operates in four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The majority of revenue is derived from Electronic Materials.
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