Gerresheimer AG (CHIX:GXID) Receivables Turnover : 1.80 (As of Aug. 2024)

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What is Gerresheimer 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. Gerresheimer AG's Revenue for the three months ended in Aug. 2024 was €499 Mil. Gerresheimer AG's average Accounts Receivable for the three months ended in Aug. 2024 was €278 Mil. Hence, Gerresheimer AG's Receivables Turnover for the three months ended in Aug. 2024 was 1.80.

Gerresheimer AG Receivables Turnover Historical Data

The historical data trend for Gerresheimer 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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Gerresheimer AG Receivables Turnover Chart

Gerresheimer AG Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Receivables Turnover

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5.59

6.45

7.00

7.54

7.26

Gerresheimer AG Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Receivables Turnover	Get a 7-Day Free Trial															1.69	1.94	1.66	1.78	1.80

Competitive Comparison of Gerresheimer AG's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Gerresheimer 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.

Gerresheimer AG's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Gerresheimer AG's Receivables Turnover distribution charts can be found below:

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

Gerresheimer AG Receivables Turnover Calculation

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

Gerresheimer AG's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	1990.486	/ (	(269.835	+	278.383)	/	2 )
=	1990.486	/	274.109
=	7.26

Gerresheimer AG's Receivables Turnover for the quarter that ended in Aug. 2024 is calculated as

	Receivables Turnover (Q: Aug. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2024 )	/ (	(Accounts Receivable (Q: May. 2024 )	+	Accounts Receivable (Q: Aug. 2024 ))	/	count )
=	498.514	/ (	(281.824	+	273.368)	/	2 )
=	498.514	/	277.596
=	1.80

Gerresheimer AG (CHIX:GXId) 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.

Gerresheimer AG Receivables Turnover Related Terms

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Gerresheimer AG Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Gerresheimer AG (CHIX:GXId) » Definitions » Receivables Turnover

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GRRMY:USA 0NTI:UK GXI:Germany GXI:Austria

Address

Klaus-Bungert-Strasse 4, Duesseldorf, NW, DEU, 40468

Website

https://www.gerresheimer.com

Gerresheimer AG provides medicine packaging, drug delivery devices, and solutions with a product range for pharma, health, well-being, and biotech. The firm operates in three segments: The plastics and devices segment consists of products for simple and safe drug delivery along with packaging for liquid and solid medicines, The primary packaging glass segment produces glass packaging products for the pharma and cosmetics industries also for food and beverage industry and The advanced technologies segment works on technical and digital solutions to improve the therapy outcome for patients. The company generates the majority of its revenue in Europe, with sales in Germany contributing the major proportion of any country.

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