Cooper-Standard Holdings (FRA:C31) Receivables Turnover : 1.78 (As of Mar. 2024)

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What is Cooper-Standard Holdings 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. Cooper-Standard Holdings's Revenue for the three months ended in Mar. 2024 was €622 Mil. Cooper-Standard Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was €350 Mil. Hence, Cooper-Standard Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 1.78.

Cooper-Standard Holdings Receivables Turnover Historical Data

The historical data trend for Cooper-Standard Holdings'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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Cooper-Standard Holdings Receivables Turnover Chart

Cooper-Standard Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.47

5.64

6.96

7.70

7.51

Cooper-Standard Holdings 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															1.80	1.84	1.76	1.60	1.78

Competitive Comparison of Cooper-Standard Holdings's Receivables Turnover

For the Auto Parts subindustry, Cooper-Standard Holdings'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.

Cooper-Standard Holdings's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cooper-Standard Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cooper-Standard Holdings's Receivables Turnover falls into.

Cooper-Standard Holdings Receivables Turnover Calculation

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

Cooper-Standard Holdings'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 )
=	2582.161	/ (	(338.613	+	348.975)	/	2 )
=	2582.161	/	343.794
=	7.51

Cooper-Standard Holdings'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 )
=	622.311	/ (	(348.975	+	351.203)	/	2 )
=	622.311	/	350.089
=	1.78

Cooper-Standard Holdings (FRA:C31) 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.

Cooper-Standard Holdings Receivables Turnover Related Terms

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Cooper-Standard Holdings (FRA:C31) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cooper-Standard Holdings Inc (FRA:C31) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CPS:USA

Address

40300 Traditions Drive, Northville, MI, USA, 48168

Website

https://www.cooperstandard.com

Cooper-Standard Holdings Inc is a supplier of rubber and resin products for the automotive industry. The company produces rubber and plastic sealings, fuel and brake lines, fluid transfer hoses, and anti-vibration systems used by original equipment manufacturers and replacement markets for passenger vehicles and light trucks. The largest customers include Ford, GM, FCA, Peugeot Citroen, and Volkswagen. Cooper Standard generates the majority of its revenue with its sealing systems products such as Fortrex, dynamic and static seals, stainless steel trims, flush glass systems, and variable extrusions.

Cooper-Standard Holdings (FRA:C31) Headlines

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