The Brink's Co (FRA:PTY) Receivables Turnover : 1.61 (As of Mar. 2024)

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What is The Brink's Co 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. The Brink's Co's Revenue for the three months ended in Mar. 2024 was €1,137 Mil. The Brink's Co's average Accounts Receivable for the three months ended in Mar. 2024 was €708 Mil. Hence, The Brink's Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.61.

The Brink's Co Receivables Turnover Historical Data

The historical data trend for The Brink's Co'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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The Brink's Co Receivables Turnover Chart

The Brink's Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.47

5.76

6.96

6.75

6.65

The Brink's Co 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															1.44	1.40	1.50	1.66	1.61

Competitive Comparison of The Brink's Co's Receivables Turnover

For the Security & Protection Services subindustry, The Brink's Co'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.

The Brink's Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, The Brink's Co's Receivables Turnover distribution charts can be found below:

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

The Brink's Co Receivables Turnover Calculation

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

The Brink's Co'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 )
=	4470.008	/ (	(716.968	+	627.778)	/	2 )
=	4470.008	/	672.373
=	6.65

The Brink's Co'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 )
=	1137.212	/ (	(627.778	+	788.44)	/	2 )
=	1137.212	/	708.109
=	1.61

The Brink's Co (FRA:PTY) 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.

The Brink's Co Receivables Turnover Related Terms

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The Brink's Co (FRA:PTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » The Brink's Co (FRA:PTY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BCO:USA

Address

1801 Bayberry Court, P.O. Box 18100, Richmond, VA, USA, 23226-8100

Website

https://www.brinks.com

The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses.