SIG Group AG (FRA:1YQA) Receivables Turnover : 4.06 (As of Jun. 2024)

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What is SIG Group 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. SIG Group AG's Revenue for the six months ended in Jun. 2024 was €1,573 Mil. SIG Group AG's average Accounts Receivable for the six months ended in Jun. 2024 was €388 Mil. Hence, SIG Group AG's Receivables Turnover for the six months ended in Jun. 2024 was 4.06.

SIG Group AG Receivables Turnover Historical Data

The historical data trend for SIG Group 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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SIG Group AG Receivables Turnover Chart

SIG Group AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.60

12.06

13.16

10.51

9.91

SIG Group AG Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial									3.77	4.42	3.82	4.25	4.06

Competitive Comparison of SIG Group AG's Receivables Turnover

For the Packaging & Containers subindustry, SIG Group 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.

SIG Group AG's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, SIG Group AG's Receivables Turnover distribution charts can be found below:

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

SIG Group AG Receivables Turnover Calculation

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

SIG Group 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 )
=	3230.3	/ (	(331.6	+	320.4)	/	2 )
=	3230.3	/	326
=	9.91

SIG Group AG's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	1573.2	/ (	(320.4	+	455.3)	/	2 )
=	1573.2	/	387.85
=	4.06

SIG Group AG (FRA:1YQA) 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.

SIG Group AG Receivables Turnover Related Terms

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SIG Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » SIG Group AG (FRA:1YQA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SIGCY:USA SCBGF:USA SIGNz:UK 0P4G:UK SIGN:Switzerland

Address

Laufengasse 18, Neuhausen am Rheinfall, CHE, 8212

Website

https://www.sig.biz

SIG Group AG is a systems and solutions provider for aseptic carton packaging solutions, comprising filling machines, sleeves, and closures as well as after-market services. Its geographical segments include Europe, the Middle East and Africa (MEA), Asia Pacific (APAC), and the Americas. It generates maximum revenue from the Europe segment. The company offers packaging solutions for the beverages and food industry.

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