Gestamp Automocion (LTS:0ROM) Receivables Turnover : 2.45 (As of Mar. 2024)

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What is Gestamp Automocion 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. Gestamp Automocion's Revenue for the three months ended in Mar. 2024 was €3,049 Mil. Gestamp Automocion's average Accounts Receivable for the three months ended in Mar. 2024 was €1,244 Mil. Hence, Gestamp Automocion's Receivables Turnover for the three months ended in Mar. 2024 was 2.45.

Gestamp Automocion Receivables Turnover Historical Data

The historical data trend for Gestamp Automocion'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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Gestamp Automocion Receivables Turnover Chart

Gestamp Automocion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.14

11.15

14.57

13.78

12.93

Gestamp Automocion 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															2.44	4.61	2.23	2.85	2.45

Competitive Comparison of Gestamp Automocion's Receivables Turnover

For the Auto Parts subindustry, Gestamp Automocion'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.

Gestamp Automocion's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Gestamp Automocion's Receivables Turnover distribution charts can be found below:

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

Gestamp Automocion Receivables Turnover Calculation

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

Gestamp Automocion'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 )
=	12273.716	/ (	(1005.678	+	892.279)	/	2 )
=	12273.716	/	948.9785
=	12.93

Gestamp Automocion'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 )
=	3049.3	/ (	(892.279	+	1594.8)	/	2 )
=	3049.3	/	1243.5395
=	2.45

Gestamp Automocion (LTS:0ROM) 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.

Gestamp Automocion Receivables Turnover Related Terms

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Gestamp Automocion (LTS:0ROM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gestamp Automocion (LTS:0ROM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GESTN:Mexico GESTe:UK GEST:Spain 7GA:Germany

Address

Lebario Industrial Park, Abadino, ESP, 48220

Website

https://www.gestamp.com

Gestamp Automocion is a Spanish automobile components manufacturer. The activities of the group are focused on the design, development, and manufacturing of metal components for the automotive industry via stamping, tooling, assembly, welding, tailor welded blanks, die-cutting, and machinery. It generates the majority of its revenue from Parts, prototypes, and components; followed by Tooling; and Byproducts & containers. The company operates in the following geographical segments: Western Europe, Eastern Europe, Mercosur, North America, and Asia. It generates the highest revenue from the Western Europe segment.

Gestamp Automocion (LTS:0ROM) Headlines

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