Aluflexpack AG (CHIX:AFPZ) Receivables Turnover : 4.41 (As of Dec. 2023)

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What is Aluflexpack AG 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. Aluflexpack AG's Revenue for the six months ended in Dec. 2023 was CHF178.7 Mil. Aluflexpack AG's average Accounts Receivable for the six months ended in Dec. 2023 was CHF40.5 Mil. Hence, Aluflexpack AG's Receivables Turnover for the six months ended in Dec. 2023 was 4.41.

Aluflexpack AG Receivables Turnover Historical Data

The historical data trend for Aluflexpack AG'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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Aluflexpack AG Receivables Turnover Chart

Aluflexpack AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.00

10.18

10.19

9.94

8.72

Aluflexpack AG Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							5.11	4.90	4.58	4.45	4.41

Competitive Comparison of Aluflexpack AG's Receivables Turnover

For the Packaging & Containers subindustry, Aluflexpack AG'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.

Aluflexpack AG's Receivables Turnover Distribution in the Packaging & Containers Industry

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

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

Aluflexpack AG Receivables Turnover Calculation

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

Aluflexpack AG'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 )
=	358.664	/ (	(42.428	+	39.802)	/	2 )
=	358.664	/	41.115
=	8.72

Aluflexpack AG'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 )
=	178.72	/ (	(41.189	+	39.802)	/	2 )
=	178.72	/	40.4955
=	4.41

Aluflexpack AG (CHIX:AFPz) 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.

Aluflexpack AG Receivables Turnover Related Terms

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Aluflexpack AG (CHIX:AFPZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Aluflexpack AG (CHIX:AFPz) » Definitions » Receivables Turnover

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Traded in Other Exchanges

AFP:Switzerland

Address

Alte Aarauerstrasse 11, Reinach, CHE, 5734

Website

https://www.aluflexpack.com

Aluflexpack AG provides flexible packaging and solutions. The company is engaged in producing a wide range of flexible packaging products and solutions by converting and refining aluminum foil, paper, and flexible films. It offers products such as Containers, Films and foils, Lacquered foil, Lids, pouches, and Printed foils. It provides its services to the confectionery, dairy, and pharmaceutical industries. It derives revenue from Switzerland and other countries.

Aluflexpack AG (CHIX:AFPZ) Headlines

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