Forbo Holding AG (Forbo Holding AG) Receivables Turnover : 2.96 (As of Dec. 2023)

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What is Forbo Holding 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. Forbo Holding AG's Revenue for the six months ended in Dec. 2023 was $648 Mil. Forbo Holding AG's average Accounts Receivable for the six months ended in Dec. 2023 was $219 Mil. Hence, Forbo Holding AG's Receivables Turnover for the six months ended in Dec. 2023 was 2.96.

Forbo Holding AG Receivables Turnover Historical Data

The historical data trend for Forbo Holding 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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Forbo Holding AG Receivables Turnover Chart

Forbo Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.83

7.80

8.36

8.33

8.31

Forbo Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.06	3.17	3.10	3.08	2.96

Competitive Comparison of Forbo Holding AG's Receivables Turnover

For the Building Products & Equipment subindustry, Forbo Holding 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.

Forbo Holding AG's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Forbo Holding AG's Receivables Turnover distribution charts can be found below:

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

Forbo Holding AG Receivables Turnover Calculation

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

Forbo Holding 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 )
=	1358.927	/ (	(166.595	+	160.615)	/	2 )
=	1358.927	/	163.605
=	8.31

Forbo Holding AG's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	647.549	/ (	(277.654	+	160.615)	/	2 )
=	647.549	/	219.1345
=	2.96

Forbo Holding AG (OTCPK:FBOHY) 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.

Forbo Holding AG Receivables Turnover Related Terms

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Forbo Holding AG (Forbo Holding AG) Business Description

Industry

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FORNz:UK FORN:Switzerland

Address

Lindenstrasse 8, P.O. Box 1339, Baar, CHE, CH-6341

Website

https://www.forbo.com

Forbo Holding AG manufactures and sells flooring and movement systems. The company organizes itself into two segments based on product type. The Flooring Systems segment, which generates the majority of revenue, sells commercial and residential floor coverings, entrance flooring systems, and building and construction flooring adhesives to the construction and remodeling industries. The Movement Systems segment sells conveyor and processing belts, plastic modular belts, power transmission belts, and flat modular belts, to the food, automotive, and fitness equipment industries. The majority of revenue comes from Europe.

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