The Israel (The Israel) Receivables Turnover : 1.21 (As of Mar. 2024)

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What is The Israel 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 Israel's Revenue for the three months ended in Mar. 2024 was $1,735 Mil. The Israel's average Accounts Receivable for the three months ended in Mar. 2024 was $1,434 Mil. Hence, The Israel's Receivables Turnover for the three months ended in Mar. 2024 was 1.21.

The Israel Receivables Turnover Historical Data

The historical data trend for The Israel'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 Israel Receivables Turnover Chart

The Israel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.96

6.07

6.05

6.67

5.09

The Israel 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															1.32	1.22	1.35	1.22	1.21

Competitive Comparison of The Israel's Receivables Turnover

For the Specialty Chemicals subindustry, The Israel'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 Israel's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, The Israel's Receivables Turnover distribution charts can be found below:

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

The Israel Receivables Turnover Calculation

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

The Israel'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 )
=	7536	/ (	(1583	+	1376)	/	2 )
=	7536	/	1479.5
=	5.09

The Israel'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 )
=	1735	/ (	(1376	+	1492)	/	2 )
=	1735	/	1434
=	1.21

The Israel (OTCPK:IRLCF) 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 Israel Receivables Turnover Related Terms

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The Israel (The Israel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » The Israel Corp Ltd (OTCPK:IRLCF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ILCO:Israel

Address

23 Aranha Street, P.O. Box 20456, Millennium Tower, Tel Aviv, ISR, 61204

Website

http://www.israelcorp.com

The Israel Corp Ltd is a holding company that provides focused exposure to mature assets in the natural resources industry. Operations are conducted through two affiliates: Israel Chemicals and the Bazan Group. It generates maximum revenue from the Israel Chemicals segment. Geographically, it derives a majority of revenue from Israel and also has a presence in Europe; North America; Asia; South America and other countries.