FLRAF (Essentra) Receivables Turnover : 2.56 (As of Dec. 2024)

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What is Essentra 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. Essentra's Revenue for the six months ended in Dec. 2024 was $180.4 Mil. Essentra's average Accounts Receivable for the six months ended in Dec. 2024 was $70.4 Mil. Hence, Essentra's Receivables Turnover for the six months ended in Dec. 2024 was 2.56.

Essentra Receivables Turnover Historical Data

The historical data trend for Essentra'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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Essentra Receivables Turnover Chart

Essentra Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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6.09

2.14

3.25

7.26

7.45

Essentra Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.70	2.96	2.68	2.74	2.56

Competitive Comparison of Essentra's Receivables Turnover

For the Specialty Chemicals subindustry, Essentra'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.

Essentra's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Essentra's Receivables Turnover distribution charts can be found below:

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

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Essentra Receivables Turnover Calculation

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

Essentra's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	382.301	/ (	(55.063	+	47.535)	/	2 )
=	382.301	/	51.299
=	7.45

Essentra's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	180.405	/ (	(93.257	+	47.535)	/	2 )
=	180.405	/	70.396
=	2.56

Essentra (OTCPK:FLRAF) 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.

Essentra Receivables Turnover Related Terms

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Essentra Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Essentra PLC (OTCPK:FLRAF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ESNTl:UK ESNT:UK HOF:Germany

Address

Langford Locks, Kidlington, Oxford, GBR, OX5 1HX

Website

https://www.essentraplc.com

Essentra PLC is a manufacturer and distributor of plastic injection molded, vinyl dip molded, and metal items. The company's geographical segments include EMEA, Americas, and APAC. Its products include protective caps and plugs, access hardware, cable management, plastic fasteners, electronics hardware, other hardware, security seals, and others. It generates the majority of its revenue from the EMEA region.