Vidrala (LTS:0NV7) Receivables Turnover : 2.18 (As of Jun. 2024)

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What is Vidrala 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. Vidrala's Revenue for the six months ended in Jun. 2024 was €831 Mil. Vidrala's average Accounts Receivable for the six months ended in Jun. 2024 was €382 Mil. Hence, Vidrala's Receivables Turnover for the six months ended in Jun. 2024 was 2.18.

Vidrala Receivables Turnover Historical Data

The historical data trend for Vidrala'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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Vidrala Receivables Turnover Chart

Vidrala Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.24

4.08

4.55

4.78

4.62

Vidrala Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.08	1.99	1.99	2.11	2.18

Competitive Comparison of Vidrala's Receivables Turnover

For the Packaging & Containers subindustry, Vidrala'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.

Vidrala's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Vidrala's Receivables Turnover distribution charts can be found below:

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

Vidrala Receivables Turnover Calculation

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

Vidrala'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 )
=	1559.486	/ (	(318.279	+	356.65)	/	2 )
=	1559.486	/	337.4645
=	4.62

Vidrala's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	831.063	/ (	(356.65	+	406.649)	/	2 )
=	831.063	/	381.6495
=	2.18

Vidrala (LTS:0NV7) 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.

Vidrala Receivables Turnover Related Terms

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Vidrala Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Vidrala SA (LTS:0NV7) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VID:Mexico VIDe:UK VID:Spain VIR:Germany

Address

Barrio Munegazo, 22, Alava, Laudio, ESP, 01400

Website

https://www.vidrala.com

Vidrala SA manufactures and sells a variety of glass products. The firm operates plants that create and mould glass into bottles and jars based on specific customer needs. The company's customers manufacture beer, juices, spirits, wines, oils, vinegar, and preserved food. Vidrala also offers logistical services for packaged food products within the United Kingdom. The company organizes itself into three segments based on geography: the U.K. and Ireland, Italy, the Iberian Peninsula and the rest of Europe. It makes the majority of its revenue from the Iberian Peninsula and the rest of the Europe segment.

Vidrala Headlines

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