IMI (FRA:IMI1) Receivables Turnover : 2.44 (As of Dec. 2023)

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What is IMI 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. IMI's Revenue for the six months ended in Dec. 2023 was €1,291 Mil. IMI's average Accounts Receivable for the six months ended in Dec. 2023 was €529 Mil. Hence, IMI's Receivables Turnover for the six months ended in Dec. 2023 was 2.44.

IMI Receivables Turnover Historical Data

The historical data trend for IMI'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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IMI Receivables Turnover Chart

IMI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.55

5.59

6.10

5.85

5.73

IMI Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.61	2.45	2.57	2.49	2.44

Competitive Comparison of IMI's Receivables Turnover

For the Specialty Industrial Machinery subindustry, IMI'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.

IMI's Receivables Turnover Distribution in the Industrial Products Industry

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

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

IMI Receivables Turnover Calculation

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

IMI'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 )
=	2549.028	/ (	(422.098	+	467.322)	/	2 )
=	2549.028	/	444.71
=	5.73

IMI's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1290.765	/ (	(591.676	+	467.322)	/	2 )
=	1290.765	/	529.499
=	2.44

IMI (FRA:IMI1) 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.

IMI Receivables Turnover Related Terms

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IMI (FRA:IMI1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IMI plc (FRA:IMI1) » Definitions » Receivables Turnover

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Traded in Other Exchanges

IMIUY:USA IMIAF:USA IMIl:UK IMI:UK

Address

Lakeside, Solihull Parkway, Birmingham Business Park, Birmingham, GBR, B37 7XZ

Website

https://www.imiplc.com

IMI plc is a specialized engineering company that manufactures and services products for controlling the movement of air and fluids. It develops technologies centered around valves and actuators to improve processes. The company's segments are grouped into five sectors: Process Automation, Industrial Automation, Life Science and Fluid Control, Climate Control, and Transport. Solutions can help with power generation in nuclear power plants, fuel delivery, or provide heating and cooling systems to various buildings. Customers work in energy, transportation, infrastructure, and other industrial sectors. It operates a global service network to provide maintenance and repairs. Revenue based on customer location is fairly split between Western Europe, North America, and emerging markets.

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