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Quanex Building Products (FRA:4Q2) Receivables Turnover : 2.64 (As of Jan. 2024)


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What is Quanex Building Products 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. Quanex Building Products's Revenue for the three months ended in Jan. 2024 was €220 Mil. Quanex Building Products's average Accounts Receivable for the three months ended in Jan. 2024 was €83 Mil. Hence, Quanex Building Products's Receivables Turnover for the three months ended in Jan. 2024 was 2.64.


Quanex Building Products Receivables Turnover Historical Data

The historical data trend for Quanex Building Products'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.

* Premium members only.

Quanex Building Products Receivables Turnover Chart

Quanex Building Products Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.94 9.66 11.01 13.04 11.27

Quanex Building Products Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.76 3.04 3.14 3.12 2.64

Competitive Comparison of Quanex Building Products's Receivables Turnover

For the Building Products & Equipment subindustry, Quanex Building Products'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.


Quanex Building Products's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Quanex Building Products's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Quanex Building Products's Receivables Turnover falls into.



Quanex Building Products Receivables Turnover Calculation

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

Quanex Building Products's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Receivables Turnover (A: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2023 ) / ((Accounts Receivable (A: Oct. 2022 ) + Accounts Receivable (A: Oct. 2023 )) / count )
=1070.662 / ((97.289 + 92.684) / 2 )
=1070.662 / 94.9865
=11.27

Quanex Building Products's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

Receivables Turnover (Q: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jan. 2024 ) / ((Accounts Receivable (Q: Oct. 2023 ) + Accounts Receivable (Q: Jan. 2024 )) / count )
=219.544 / ((92.684 + 73.498) / 2 )
=219.544 / 83.091
=2.64

* 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.


Quanex Building Products  (FRA:4Q2) 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.


Quanex Building Products Receivables Turnover Related Terms

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Quanex Building Products (FRA:4Q2) Business Description

Traded in Other Exchanges
Address
945 Bunker Hill Road, Suite 900, Houston, TX, USA, 77024
Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window and door components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.

Quanex Building Products (FRA:4Q2) Headlines

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