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Joy Global (FRA:JO3) Receivables Turnover : 0.77 (As of Jan. 2017)


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What is Joy Global 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. Joy Global's Revenue for the three months ended in Jan. 2017 was €468 Mil. Joy Global's average Accounts Receivable for the three months ended in Jan. 2017 was €611 Mil. Hence, Joy Global's Receivables Turnover for the three months ended in Jan. 2017 was 0.77.


Joy Global Receivables Turnover Historical Data

The historical data trend for Joy Global'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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Joy Global Receivables Turnover Chart

Joy Global Annual Data
Trend Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.48 4.67 4.65 4.09 3.20

Joy Global Quarterly Data
Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17
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 0.73 0.89 0.90 0.99 0.77

Competitive Comparison of Joy Global's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Joy Global'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.


Joy Global's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Joy Global's Receivables Turnover distribution charts can be found below:

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



Joy Global Receivables Turnover Calculation

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

Joy Global's Receivables Turnover for the fiscal year that ended in Oct. 2016 is calculated as

Receivables Turnover (A: Oct. 2016 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2016 ) / ((Accounts Receivable (A: Oct. 2015 ) + Accounts Receivable (A: Oct. 2016 )) / count )
=2153.231 / ((723.557 + 621.034) / 2 )
=2153.231 / 672.2955
=3.20

Joy Global's Receivables Turnover for the quarter that ended in Jan. 2017 is calculated as

Receivables Turnover (Q: Jan. 2017 )
=Revenue / Average Total Inventories
=Revenue (Q: Jan. 2017 ) / ((Accounts Receivable (Q: Oct. 2016 ) + Accounts Receivable (Q: Jan. 2017 )) / count )
=467.903 / ((621.034 + 601.488) / 2 )
=467.903 / 611.261
=0.77

* 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.


Joy Global  (FRA:JO3) 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.


Joy Global Receivables Turnover Related Terms

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Joy Global (FRA:JO3) Business Description

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Milwaukee-based Joy Global manufactures electric shovels, excavators, drills, and other mining equipment for use in surface (through its P&H brand) and underground mines (through the Joy name). Joy Global generated 59% of 2015 sales from coal customers and 32% of sales in the United States. The company was formed in 2001 after the bankruptcy and restructuring of Harnischfeger Industries.

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