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Huhtamaki Oyj (Huhtamaki Oyj) Receivables Turnover : 1.68 (As of Mar. 2024)


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What is Huhtamaki Oyj 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. Huhtamaki Oyj's Revenue for the three months ended in Mar. 2024 was $1,091 Mil. Huhtamaki Oyj's average Accounts Receivable for the three months ended in Mar. 2024 was $650 Mil. Hence, Huhtamaki Oyj's Receivables Turnover for the three months ended in Mar. 2024 was 1.68.

Huhtamaki Oyj Receivables Turnover Historical Data

The historical data trend for Huhtamaki Oyj'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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Huhtamaki Oyj Receivables Turnover Chart

Huhtamaki Oyj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.05 7.75 7.13 7.66 7.88

Huhtamaki Oyj 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 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 1.64 1.50 1.49 1.74 1.68

Competitive Comparison of Huhtamaki Oyj's Receivables Turnover

For the Packaging & Containers subindustry, Huhtamaki Oyj'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.

Huhtamaki Oyj's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Huhtamaki Oyj's Receivables Turnover distribution charts can be found below:

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


Huhtamaki Oyj Receivables Turnover Calculation

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

Huhtamaki Oyj'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 )
=4546.238 / ((596.61 + 557.252) / 2 )
=4546.238 / 576.931
=7.88

Huhtamaki Oyj'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 )
=1091.196 / ((557.252 + 741.957) / 2 )
=1091.196 / 649.6045
=1.68

* 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.

Huhtamaki Oyj  (OTCPK:HOYFF) 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.

Huhtamaki Oyj Receivables Turnover Related Terms

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Huhtamaki Oyj (Huhtamaki Oyj) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huhtamaki Oyj (OTCPK:HOYFF) » Definitions » Receivables Turnover
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OHEL:METSA BALL AVY PKG AMCR IP WRK DUB:SK3 CCK TSX:CCL.A GPK XSWX:SIGN BERY LSE:SMDS REYN SZSE:002812 SON SEE SLGN XPAR:VRLA
Traded in Other Exchanges
0K9W:UK HUH1V:Finland HUKI:Germany
Address
Revontulenkuja 1, Espoo, FIN, 02100
Website
https://www.huhtamaki.com
Huhtamäki Oyj is a Finland-based company engaged in manufacturing and selling consumer packaging products. The company operates in three segments; Fiber Foodservice Europe, Asia, and Oceania segment offer high-quality paperboard and molded fiber packaging for fresh food and beverages, the North America segment serves retail tableware, food service, and consumer goods packaging markets, and The flexible Packaging segment offer light and flexible packaging materials, pouches and labels for food and beverages, coffee packaging, pet food packaging, barrier packaging, retort pouches and packaging for healthcare products.