Konecranes Oyj (CHIX:KCRH) Receivables Turnover : 1.96 (As of Sep. 2024)

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What is Konecranes Oyj 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. Konecranes Oyj's Revenue for the three months ended in Sep. 2024 was €1,070 Mil. Konecranes Oyj's average Accounts Receivable for the three months ended in Sep. 2024 was €547 Mil. Hence, Konecranes Oyj's Receivables Turnover for the three months ended in Sep. 2024 was 1.96.

Konecranes Oyj Receivables Turnover Historical Data

The historical data trend for Konecranes Oyj'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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Konecranes Oyj Receivables Turnover Chart

Konecranes Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.16

6.22

6.48

6.23

6.77

Konecranes Oyj Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.83	2.02	1.62	1.88	1.96

Competitive Comparison of Konecranes Oyj's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Konecranes Oyj'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.

Konecranes Oyj's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Konecranes Oyj's Receivables Turnover distribution charts can be found below:

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

Konecranes Oyj Receivables Turnover Calculation

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

Konecranes Oyj'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 )
=	3972.2	/ (	(585.6	+	587.5)	/	2 )
=	3972.2	/	586.55
=	6.77

Konecranes Oyj's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1069.9	/ (	(557.6	+	535.5)	/	2 )
=	1069.9	/	546.55
=	1.96

Konecranes Oyj (CHIX:KCRh) 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.

Konecranes Oyj Receivables Turnover Related Terms

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Konecranes Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Konecranes Oyj (CHIX:KCRh) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KNCRY:USA KNCRF:USA 0MET:UK KCR:Finland K34:Germany

Address

Koneenkatu 8, P.O. Box 661, Hyvinkaa, FIN, FI-05801

Website

https://www.konecranes.com

Konecranes Oyj provides lifting equipment and services for manufacturing industries, shipyards, ports, and terminals. It offers cranes, material handling solutions, and other components geared toward transporting and organizing supplies. Workstation lifting systems, trucks, and various hoists include advanced technologies to increase control and equipment capabilities. Products are marketed through various brands, and sales offices are in multiple regions. The company's global service network provides a full range of service solutions, specialized maintenance, and modernization services for equipment and tools. Inspections, spare parts, and preventive maintenance programs enhance efficiencies and extend product lifecycles.

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