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Signify NV (CHIX:LIGHTA) Receivables Turnover : 1.52 (As of Sep. 2024)


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What is Signify NV 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. Signify NV's Revenue for the three months ended in Sep. 2024 was €1,537 Mil. Signify NV's average Accounts Receivable for the three months ended in Sep. 2024 was €1,014 Mil. Hence, Signify NV's Receivables Turnover for the three months ended in Sep. 2024 was 1.52.


Signify NV Receivables Turnover Historical Data

The historical data trend for Signify NV'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.

Signify NV Receivables Turnover Chart

Signify NV 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 5.37 5.75 6.13 6.91 6.69

Signify NV 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 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 1.57 1.68 1.51 1.49 1.52

Competitive Comparison of Signify NV's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Signify NV'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.


Signify NV's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Signify NV's Receivables Turnover distribution charts can be found below:

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



Signify NV Receivables Turnover Calculation

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

Signify NV'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 )
=6704 / ((1037 + 967) / 2 )
=6704 / 1002
=6.69

Signify NV'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 )
=1537 / ((1004 + 1024) / 2 )
=1537 / 1014
=1.52

* 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.


Signify NV  (CHIX:LIGHTa) 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.


Signify NV Receivables Turnover Related Terms

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Signify NV Business Description

Address
High Tech Campus 48, Eindhoven, NLD, 5656 AE
Signify NV is a lighting solutions provider based in the Netherlands. Its product portfolio includes luminaires, lamps, LED lamps, LED tubes, and decorative lighting. The company operates through three segments, with the Digital Solutions segment being the largest. Signify generates most of its revenues from this segment and operates mainly in Europe, the Americas, and other international markets.

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