Iochpe-Maxion (Iochpe-Maxion) Receivables Turnover : 2.51 (As of Dec. 2023)

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What is Iochpe-Maxion 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. Iochpe-Maxion's Revenue for the three months ended in Dec. 2023 was $711 Mil. Iochpe-Maxion's average Accounts Receivable for the three months ended in Dec. 2023 was $283 Mil. Hence, Iochpe-Maxion's Receivables Turnover for the three months ended in Dec. 2023 was 2.51.

Iochpe-Maxion Receivables Turnover Historical Data

The historical data trend for Iochpe-Maxion'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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Iochpe-Maxion Receivables Turnover Chart

Iochpe-Maxion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.51

6.50

8.35

9.26

9.41

Iochpe-Maxion Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.87	1.86	2.05	2.34	2.51

Competitive Comparison of Iochpe-Maxion's Receivables Turnover

For the Auto Parts subindustry, Iochpe-Maxion'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.

Iochpe-Maxion's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Iochpe-Maxion's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Iochpe-Maxion's Receivables Turnover falls into.

Iochpe-Maxion Receivables Turnover Calculation

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

Iochpe-Maxion'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 )
=	3052.21	/ (	(391.522	+	257.368)	/	2 )
=	3052.21	/	324.445
=	9.41

Iochpe-Maxion'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	710.948	/ (	(309.07	+	257.368)	/	2 )
=	710.948	/	283.219
=	2.51

Iochpe-Maxion (OTCPK:IOCJY) 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.

Iochpe-Maxion Receivables Turnover Related Terms

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Iochpe-Maxion (Iochpe-Maxion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Iochpe-Maxion SA (OTCPK:IOCJY) » Definitions » Receivables Turnover

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MYPK3:Brazil

Address

Rua Dr. Othon Barcellos, 83, Cruzeiro, SP, BRA

Website

https://www.iochpe-maxion.com.br

Iochpe-Maxion SA is a Brazilian company involved in the manufacturing of automobile parts. Its core business is the production of wheels and structural components for light and commercial vehicles and equipment for railways. The company is a world leader in the production of automotive wheels. It has nearly 30 manufacturing facilities located globally and has customers worldwide and operates through three divisions; Maxion Wheels, Maxion Structural Components, and Amsted-Maxion. Maxion Wheels produces and markets a wide range of steel wheels, Maxion Structural Components, we produce struts, sleepers, and chassis assembled for light vehicles and Amsted-Maxion produces freight wagons, railway wheels and castings.