BLSFY (BlueScope Steel) Receivables Turnover : 5.70 (As of Jun. 2024)

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What is BlueScope Steel 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. BlueScope Steel's Revenue for the six months ended in Jun. 2024 was $5,625 Mil. BlueScope Steel's average Accounts Receivable for the six months ended in Jun. 2024 was $987 Mil. Hence, BlueScope Steel's Receivables Turnover for the six months ended in Jun. 2024 was 5.70.

BlueScope Steel Receivables Turnover Historical Data

The historical data trend for BlueScope Steel'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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BlueScope Steel Receivables Turnover Chart

BlueScope Steel Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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10.52

10.54

10.34

9.43

10.35

BlueScope Steel Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															4.97	5.16	5.43	5.37	5.70

Competitive Comparison of BlueScope Steel's Receivables Turnover

For the Steel subindustry, BlueScope Steel'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.

BlueScope Steel's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BlueScope Steel's Receivables Turnover distribution charts can be found below:

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

BlueScope Steel Receivables Turnover Calculation

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

BlueScope Steel's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	11294.422	/ (	(1169.329	+	1012.55)	/	2 )
=	11294.422	/	1090.9395
=	10.35

BlueScope Steel's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	5624.568	/ (	(961.111	+	1012.55)	/	2 )
=	5624.568	/	986.8305
=	5.70

BlueScope Steel (OTCPK:BLSFY) 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.

BlueScope Steel Receivables Turnover Related Terms

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BlueScope Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BlueScope Steel Ltd (OTCPK:BLSFY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BLSFF:USA BH5:Germany BSL:Australia

Address

181 William Street, Level 24, Melbourne, VIC, AUS, 3000

Website

https://www.bluescope.com

BlueScope is an Australia-based steelmaker with five business units. The Australian steel products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's US minimill, specializing in the production of hot rolled coil for US construction and automotive sectors. Building products Asia operates across Southeast Asia, China, and India, and the US building and coated products North America is involved in metal coating and painting, and the supply to nonresidential construction projects using BlueScope's materials. New Zealand steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands.