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Einhell Germany AG (LTS:0N9F) Receivables Turnover : 1.20 (As of Sep. 2024)


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What is Einhell Germany 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. Einhell Germany AG's Revenue for the three months ended in Sep. 2024 was €263 Mil. Einhell Germany AG's average Accounts Receivable for the three months ended in Sep. 2024 was €219 Mil. Hence, Einhell Germany AG's Receivables Turnover for the three months ended in Sep. 2024 was 1.20.


Einhell Germany AG Receivables Turnover Historical Data

The historical data trend for Einhell Germany 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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Einhell Germany AG Receivables Turnover Chart

Einhell Germany AG 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 6.69 6.83 7.27 7.39 6.62

Einhell Germany 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 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 1.17 1.33 1.42 1.34 1.20

Competitive Comparison of Einhell Germany AG's Receivables Turnover

For the Tools & Accessories subindustry, Einhell Germany 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.


Einhell Germany AG's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Einhell Germany AG's Receivables Turnover distribution charts can be found below:

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


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Einhell Germany AG Receivables Turnover Calculation

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

Einhell Germany 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 )
=971.525 / ((143.7 + 149.833) / 2 )
=971.525 / 146.7665
=6.62

Einhell Germany 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 )
=263.172 / ((229.755 + 207.738) / 2 )
=263.172 / 218.7465
=1.20

* 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.


Einhell Germany AG  (LTS:0N9F) 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.


Einhell Germany AG Receivables Turnover Related Terms

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Einhell Germany AG Business Description

Traded in Other Exchanges
Address
Wiesenweg 22, Landau an der Isar, DEU, D-94405
Einhell Germany AG is engaged in the DIY sector and designs and distributes solutions for DIY enthusiasts and hobby gardeners for use at home, in the workshop, and in the garden. The companys product range includes hand-held power tools, stationary tools, and accessories as well as lawn and garden care tools, irrigation, and drainage solutions.

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