Gates Industrial (FRA:1JL) Receivables Turnover : 1.10 (As of Mar. 2024)

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What is Gates Industrial 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. Gates Industrial's Revenue for the three months ended in Mar. 2024 was €794 Mil. Gates Industrial's average Accounts Receivable for the three months ended in Mar. 2024 was €719 Mil. Hence, Gates Industrial's Receivables Turnover for the three months ended in Mar. 2024 was 1.10.

Gates Industrial Receivables Turnover Historical Data

The historical data trend for Gates Industrial'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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Gates Industrial Receivables Turnover Chart

Gates Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.35

3.84

5.13

4.83

4.46

Gates Industrial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.08	1.09	1.04	1.07	1.10

Competitive Comparison of Gates Industrial's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Gates Industrial'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.

Gates Industrial's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Gates Industrial Receivables Turnover Calculation

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

Gates Industrial'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 )
=	3273.873	/ (	(763.318	+	704.439)	/	2 )
=	3273.873	/	733.8785
=	4.46

Gates Industrial's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	793.592	/ (	(704.439	+	733.884)	/	2 )
=	793.592	/	719.1615
=	1.10

Gates Industrial (FRA:1JL) 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.

Gates Industrial Receivables Turnover Related Terms

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Gates Industrial (FRA:1JL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gates Industrial Corp PLC (FRA:1JL) » Definitions » Receivables Turnover

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GTES:USA

Address

1144 Fifteenth Street, Denver, CO, USA, 80202

Website

https://www.gates.com

Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. They are used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.

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