Sika AG (LTS:0Z4C) Receivables Turnover : 2.59 (As of Dec. 2024)

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What is Sika 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. Sika AG's Revenue for the six months ended in Dec. 2024 was CHF5,928 Mil. Sika AG's average Accounts Receivable for the six months ended in Dec. 2024 was CHF2,288 Mil. Hence, Sika AG's Receivables Turnover for the six months ended in Dec. 2024 was 2.59.

Sika AG Receivables Turnover Historical Data

The historical data trend for Sika 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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Sika AG Receivables Turnover Chart

Sika AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.62

6.30

6.37

6.02

5.62

Sika AG Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.82	2.57	2.65	2.64	2.59

Competitive Comparison of Sika AG's Receivables Turnover

For the Specialty Chemicals subindustry, Sika 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.

Sika AG's Receivables Turnover Distribution in the Chemicals Industry

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

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

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Sika AG Receivables Turnover Calculation

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

Sika AG's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	11763.1	/ (	(2013.1	+	2175)	/	2 )
=	11763.1	/	2094.05
=	5.62

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

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	5928.3	/ (	(2401.4	+	2175)	/	2 )
=	5928.3	/	2288.2
=	2.59

Sika AG (LTS:0Z4C) 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.

Sika AG Receivables Turnover Related Terms

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Sika AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sika AG (LTS:0Z4C) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SXYAY:USA SKFOF:USA SIKA N:Mexico SIKAz:UK SIKB:Germany SIKA:Switzerland SIKA:Canada

Address

Zugerstrasse 50, Baar, CHE, 6340

Website

https://www.sika.com

Established in 1910, Sika produces specialty chemicals primarily used by the construction sector (85% of sales). Its products are mainly used for bonding, sealing, reinforcing, and protecting in the construction and automotive industries. Approximately 70% of its products have a positive impact on sustainability for customers. Sika has a global manufacturing footprint of more than 400 factories spread across over 100 countries.

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