Alto Ingredients (FRA:FPR) Receivables Turnover : 4.13 (As of Mar. 2024)

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What is Alto Ingredients 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. Alto Ingredients's Revenue for the three months ended in Mar. 2024 was €221 Mil. Alto Ingredients's average Accounts Receivable for the three months ended in Mar. 2024 was €54 Mil. Hence, Alto Ingredients's Receivables Turnover for the three months ended in Mar. 2024 was 4.13.

Alto Ingredients Receivables Turnover Historical Data

The historical data trend for Alto Ingredients'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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Alto Ingredients Receivables Turnover Chart

Alto Ingredients Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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20.30

14.37

18.98

17.79

18.90

Alto Ingredients 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															4.62	4.86	4.95	4.34	4.13

Competitive Comparison of Alto Ingredients's Receivables Turnover

For the Specialty Chemicals subindustry, Alto Ingredients'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.

Alto Ingredients's Receivables Turnover Distribution in the Chemicals Industry

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

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

Alto Ingredients Receivables Turnover Calculation

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

Alto Ingredients'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 )
=	1121.436	/ (	(64.81	+	53.854)	/	2 )
=	1121.436	/	59.332
=	18.90

Alto Ingredients'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 )
=	221.379	/ (	(53.854	+	53.435)	/	2 )
=	221.379	/	53.6445
=	4.13

Alto Ingredients (FRA:FPR) 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.

Alto Ingredients Receivables Turnover Related Terms

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Alto Ingredients (FRA:FPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Alto Ingredients Inc (FRA:FPR) » Definitions » Receivables Turnover

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Traded in Other Exchanges

ALTO:USA

Address

1300 South Second Street, Pekin, IL, USA, 61554

Website

https://www.altoingredients.com

Alto Ingredients Inc is a producer of specialty alcohols and essential ingredients. The company serves five markets: Health, Home and Beauty, Food and Beverage, Essential Ingredients, and Renewable Fuels. Its customers include major food and beverage companies and consumer products manufacturers and distributors. The company operates under three segments: Marketing and distribution, Pekin Campus production, and Other production. The Marketing and distribution segment participates in marketing and merchant trading for alcohols and essential ingredients; Pekin Campus produces and sells products produced at the company's Pekin, Illinois, campus, and about half of the firm's revenue flows from this segment. Other production makes and sells from the company's other production facilities.

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