Umicore (Umicore) Receivables Turnover : 6.00 (As of Dec. 2023)

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What is Umicore 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. Umicore's Revenue for the six months ended in Dec. 2023 was $9,001 Mil. Umicore's average Accounts Receivable for the six months ended in Dec. 2023 was $1,500 Mil. Hence, Umicore's Receivables Turnover for the six months ended in Dec. 2023 was 6.00.

Umicore Receivables Turnover Historical Data

The historical data trend for Umicore'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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Umicore Receivables Turnover Chart

Umicore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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17.14

17.30

17.04

18.41

16.41

Umicore 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															6.36	6.70	6.84	6.54	6.00

Competitive Comparison of Umicore's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Umicore'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.

Umicore's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Umicore's Receivables Turnover distribution charts can be found below:

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

Umicore Receivables Turnover Calculation

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

Umicore'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 )
=	19919.182	/ (	(1372.101	+	1056.301)	/	2 )
=	19919.182	/	1214.201
=	16.41

Umicore'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 )
=	9001.407	/ (	(1944.42	+	1056.301)	/	2 )
=	9001.407	/	1500.3605
=	6.00

Umicore (OTCPK:UMICY) 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.

Umicore Receivables Turnover Related Terms

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Umicore (Umicore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Umicore SA (OTCPK:UMICY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

UMICF:USA UMI:Mexico 0RUY:UK NVJP:Germany UMI:Belgium UMI:Austria

Address

Rue du Marais 31 Broekstraat, Brussels, BEL, B-1000

Website

https://www.umicore.com

Umicore SA operations are divided into the following business groups: Catalysis, Energy & Surface Technologies and Recycling. The Catalysis segment provides automotive catalysts for gasoline and diesel light and heavy-duty diesel applications, including on-road & non-road vehicles. The Energy & Surface Technologies segment is focused on products that are found in applications used in the production and storage of clean energy and in a range of applications for surface technologies that bring specific properties and functionalities to end products. The Recycling segment treats complex waste streams containing precious and other speciality metals. The majority of revenue is from the Recycling segment. Geographically, the majority is from Europe.