Raisio Oyj (LTS:0CIJ) Receivables Turnover : 2.06 (As of Sep. 2024)

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What is Raisio 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. Raisio Oyj's Revenue for the three months ended in Sep. 2024 was €59.1 Mil. Raisio Oyj's average Accounts Receivable for the three months ended in Sep. 2024 was €28.7 Mil. Hence, Raisio Oyj's Receivables Turnover for the three months ended in Sep. 2024 was 2.06.

Raisio Oyj Receivables Turnover Historical Data

The historical data trend for Raisio 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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Raisio Oyj Receivables Turnover Chart

Raisio Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.09

8.98

7.33

7.75

8.21

Raisio Oyj 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															1.98	2.00	1.95	1.92	2.06

Competitive Comparison of Raisio Oyj's Receivables Turnover

For the Packaged Foods subindustry, Raisio 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.

Raisio Oyj's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Raisio Oyj's Receivables Turnover distribution charts can be found below:

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

Raisio Oyj Receivables Turnover Calculation

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

Raisio 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 )
=	219.5	/ (	(26.8	+	26.7)	/	2 )
=	219.5	/	26.75
=	8.21

Raisio Oyj'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 )
=	59.1	/ (	(29.5	+	27.9)	/	2 )
=	59.1	/	28.7
=	2.06

Raisio Oyj (LTS:0CIJ) 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.

Raisio Oyj Receivables Turnover Related Terms

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Raisio Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Raisio Oyj (LTS:0CIJ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

RAIVV:Finland RAIKV:Finland RATV:Germany

Address

Raisionkaari 55, P.O. Box 101, Raisio, FIN, 21201

Website

https://www.raisio.com

Raisio Oyj is engaged in the food processing industry with a focus on healthy. The company's international brand profile includes Benecol and Elovena. The operating segments of the company are healthy food, healthy ingredients, and other operations. The healthy food segment focuses on the company's consumer product businesses and has its operations in Northern Europe, Eastern and Central Europe, and Western Europe. The healthy ingredient segment includes the sale of fish feeds, Benecol product ingredients, and the sale of grain-based foods and their ingredients to industrial and catering companies. Majority of net sales come from Finland, and the healthy food segment contributes the highest net sales.

Raisio Oyj Headlines

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