Ardagh Metal Packaging (Ardagh Metal Packaging) Receivables Turnover : 4.15 (As of Mar. 2024)

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What is Ardagh Metal Packaging 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. Ardagh Metal Packaging's Revenue for the three months ended in Mar. 2024 was $1,141 Mil. Ardagh Metal Packaging's average Accounts Receivable for the three months ended in Mar. 2024 was $275 Mil. Hence, Ardagh Metal Packaging's Receivables Turnover for the three months ended in Mar. 2024 was 4.15.

Ardagh Metal Packaging Receivables Turnover Historical Data

The historical data trend for Ardagh Metal Packaging'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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Ardagh Metal Packaging Receivables Turnover Chart

Ardagh Metal Packaging Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

14.14

14.03

14.06

18.69

Ardagh Metal Packaging Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												2.45	2.13	2.24	3.03	4.15

Competitive Comparison of Ardagh Metal Packaging's Receivables Turnover

For the Packaging & Containers subindustry, Ardagh Metal Packaging'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.

Ardagh Metal Packaging's Receivables Turnover Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where Ardagh Metal Packaging's Receivables Turnover falls into.

Ardagh Metal Packaging Receivables Turnover Calculation

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

Ardagh Metal Packaging'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 )
=	4812	/ (	(333	+	182)	/	2 )
=	4812	/	257.5
=	18.69

Ardagh Metal Packaging's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1141	/ (	(182	+	368)	/	2 )
=	1141	/	275
=	4.15

Ardagh Metal Packaging (NYSE:AMBP) 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.

Ardagh Metal Packaging Receivables Turnover Related Terms

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Ardagh Metal Packaging (Ardagh Metal Packaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ardagh Metal Packaging SA (NYSE:AMBP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

7JZ:Germany

Address

56, Rue Charles Martel, Luxembourg, LUX, L-2134

Website

https://www.ardaghmetalpackaging.com

Ardagh Metal Packaging SA is a supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. The company's segment includes Europe and the Americas. It derives a majority of its revenue from the Americas.