EGKLF (ElringKlinger AG) Receivables Turnover : 1.82 (As of Sep. 2024)

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What is ElringKlinger 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. ElringKlinger AG's Revenue for the three months ended in Sep. 2024 was $489 Mil. ElringKlinger AG's average Accounts Receivable for the three months ended in Sep. 2024 was $269 Mil. Hence, ElringKlinger AG's Receivables Turnover for the three months ended in Sep. 2024 was 1.82.

ElringKlinger AG Receivables Turnover Historical Data

The historical data trend for ElringKlinger 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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ElringKlinger AG Receivables Turnover Chart

ElringKlinger AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.32

6.66

6.73

7.00

7.33

ElringKlinger AG 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															1.59	1.72	1.79	1.70	1.82

Competitive Comparison of ElringKlinger AG's Receivables Turnover

For the Auto Parts subindustry, ElringKlinger 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.

ElringKlinger AG's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ElringKlinger AG's Receivables Turnover distribution charts can be found below:

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

ElringKlinger AG Receivables Turnover Calculation

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

ElringKlinger AG'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 )
=	2014.308	/ (	(280.566	+	269.256)	/	2 )
=	2014.308	/	274.911
=	7.33

ElringKlinger AG'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 )
=	489.259	/ (	(266.439	+	271.544)	/	2 )
=	489.259	/	268.9915
=	1.82

ElringKlinger AG (OTCPK:EGKLF) 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.

ElringKlinger AG Receivables Turnover Related Terms

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ElringKlinger AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ElringKlinger AG (OTCPK:EGKLF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ELLRY:USA 0MG5:UK ZIL2:Germany ZIL2:Austria

Address

Max-Eyth-Strasse 2, Dettingen an der Erms, DEU, 72581

Website

https://www.elringklinger.com

ElringKlinger AG is a supplier of original equipment parts for vehicles and engines. The company produces cylinder heads and specialty gaskets, plastic housing modules, shielding components for engines, transmissions, exhaust systems, exhaust gas purification technology as well as battery and fuel cell components. Erling Klinger also offers its product to customers in the aftermarkets. The segment of the company revenue is the original equipment division, while the majority of sales are generated outside its domestic German market.