LNXSY (Lanxess AG) Receivables Turnover : 2.24 (As of Sep. 2024)

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What is Lanxess AG 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. Lanxess AG's Revenue for the three months ended in Sep. 2024 was $1,774 Mil. Lanxess AG's average Accounts Receivable for the three months ended in Sep. 2024 was $791 Mil. Hence, Lanxess AG's Receivables Turnover for the three months ended in Sep. 2024 was 2.24.

Lanxess AG Receivables Turnover Historical Data

The historical data trend for Lanxess AG'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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Lanxess AG Receivables Turnover Chart

Lanxess AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.03

8.43

6.59

8.18

9.28

Lanxess AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.14	2.22	2.24	2.09	2.24

Competitive Comparison of Lanxess AG's Receivables Turnover

For the Specialty Chemicals subindustry, Lanxess AG'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.

Lanxess AG's Receivables Turnover Distribution in the Chemicals Industry

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

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

Lanxess AG Receivables Turnover Calculation

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

Lanxess AG'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 )
=	7321.701	/ (	(908.898	+	668.484)	/	2 )
=	7321.701	/	788.691
=	9.28

Lanxess AG's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1773.585	/ (	(836.383	+	745.838)	/	2 )
=	1773.585	/	791.1105
=	2.24

Lanxess AG (OTCPK:LNXSY) 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.

Lanxess AG Receivables Turnover Related Terms

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Lanxess AG Business Description

Industry

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Traded in Other Exchanges

LNXSF:USA 1LXS:Italy LXSd:UK 0H7I:UK LXS:Germany LXS:Austria

Address

Kennedyplatz 1, Cologne, DEU, 50569

Website

https://lanxess.com

Lanxess AG is a German chemical company that was originally spun out of Bayer. Lanxess has visibly decommoditised its portfolio in recent years by divesting its synthetic rubber business and is moving toward becoming a specialty chemicals company in the fields of consumer protection chemicals, specialty additives, intermediates, and engineering plastics.