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. Apple's Revenue for the
three
months ended in Mar. 2026 was €96,174 Mil. Apple's average Accounts Receivable for the
three
months ended in Mar. 2026 was €30,168 Mil.
Hence, Apple's Receivables Turnover for the
three
months ended in Mar. 2026 was 3.19.
Apple (CHIX:APCd) 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.
Apple Receivables Turnover Related Terms
Apple Receivables Turnover Historical Data
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The historical data trend for Apple'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.
CHIX:APCD vs SONO, TBCH, VUZI: Receivables Turnover Comparison
For the Consumer Electronics subindustry, Apple'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.
Apple Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Apple's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Apple's Receivables Turnover falls into.
* 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.
Apple (CHIX:APCD) has a Receivables Turnover of 3.19 as of Mar. 2026. The accounts 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. View historical data on Apple and its competitors. According to the industry distribution chart, Apple ranks #137 out of 2469 companies in the Hardware industry, placing it in the top 5.5%.
Is Apple's Receivables Turnover too high?
Apple's current Receivables Turnover is 3.19. The Hardware industry median Receivables Turnover is 4.90. Apple's value of 3.19 is 34.9% below this industry median. Based on the distribution chart, Apple ranks #137 out of 2469 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Apple has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apple's Receivables Turnover compare to SONO and TBCH?
According to the Hardware industry distribution chart, Apple ranks #137 out of 2469 companies for Receivables Turnover. This places Apple in the top 6% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 4.90. Apple's value of 3.19 is 34.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Hardware company?
The median Receivables Turnover among Hardware companies is 4.90, based on 2,469 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apple's current Receivables Turnover of 3.19 is 34.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Apple and its competitors. For the Hardware industry, the median Receivables Turnover is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple's current Receivables Turnover is 3.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple stock overvalued right now?
Based on GuruFocus' analysis, Apple (CHIX:APCD) is currently considered Modestly Overvalued. The stock's GF Value™ is €231.52, compared to a current price of €267.55 — trading 15.6% above its estimated fair value. The current Receivables Turnover is 3.19 and 34.9% below the Hardware industry median of 4.90. Apple's overall GF Score™ is 92/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Apple (CHIX:APCD), the current Receivables Turnover is 3.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Apple (CHIX:APCD) Overvalued in 2026?
Based on GuruFocus' analysis, Apple stock appears to be overvalued.
The current stock price of €267.55 is trading 15.6% above its estimated GF Value™ of €231.52.
GuruFocus considers Apple to be Modestly Overvalued.
Key valuation signals for CHIX:APCD:
Receivables Turnover: 3.19
GF Value™: €231.52 vs. price of €267.55 (15.6% above fair value)
Industry Position: 34.9% below the Hardware median (#137 of 2469)
No single metric tells the full story. See the CHIX:APCD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone accounts for the majority of the firm's sales, and Apple's other products, such as the Mac, iPad, and Watch, are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, such as streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors and works with subcontractors such as Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with the majority coming indirectly through partnerships and distribution.
92GF Score
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