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Essentra (CHIX:ESNTL) Receivables Turnover : 2.73 (As of Jun. 2024)


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What is Essentra 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. Essentra's Revenue for the six months ended in Jun. 2024 was £159.7 Mil. Essentra's average Accounts Receivable for the six months ended in Jun. 2024 was £58.4 Mil. Hence, Essentra's Receivables Turnover for the six months ended in Jun. 2024 was 2.73.


Essentra Receivables Turnover Historical Data

The historical data trend for Essentra'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.

* Premium members only.

Essentra Receivables Turnover Chart

Essentra Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.15 6.00 2.15 3.48 7.12

Essentra 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.20 1.72 2.91 2.67 2.73

Competitive Comparison of Essentra's Receivables Turnover

For the Specialty Chemicals subindustry, Essentra'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.


Essentra's Receivables Turnover Distribution in the Chemicals Industry

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

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



Essentra Receivables Turnover Calculation

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

Essentra'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 )
=316.3 / ((45.3 + 43.5) / 2 )
=316.3 / 44.4
=7.12

Essentra'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 )
=159.7 / ((43.5 + 73.3) / 2 )
=159.7 / 58.4
=2.73

* 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.


Essentra  (CHIX:ESNTl) 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.


Essentra Receivables Turnover Related Terms

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Essentra Business Description

Traded in Other Exchanges
Address
Langford Locks, Kidlington, Oxford, GBR, OX5 1HX
Essentra PLC makes and sells components. The company organizes itself into three segments based on product type. The components segment includes small plastic and metal pieces for use in the industrial and consumer equipment sectors. The packaging segment provides product packaging to large- and mid-sized companies in the health and personal care sectors. The filters segment supplies tobacco filters, tobacco lab testing services, and tear tape for use in food and drink packaging. Essentra sells its products worldwide, and the majority of revenue comes from Europe and Africa.

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