Vulcan Steel (NZSE:VSL) Receivables Turnover : 3.70 (As of Dec. 2024)

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What is Vulcan Steel 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. Vulcan Steel's Revenue for the six months ended in Dec. 2024 was NZ$493.3 Mil. Vulcan Steel's average Accounts Receivable for the six months ended in Dec. 2024 was NZ$133.3 Mil. Hence, Vulcan Steel's Receivables Turnover for the six months ended in Dec. 2024 was 3.70.

Vulcan Steel Receivables Turnover Historical Data

The historical data trend for Vulcan Steel'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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Vulcan Steel Receivables Turnover Chart

Vulcan Steel Annual Data

Trend

Jun22

Jun23

Jun24

Receivables Turnover

6.11

7.52

6.70

Vulcan Steel Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			4.06	3.72	3.60	3.49	3.70

Competitive Comparison of Vulcan Steel's Receivables Turnover

For the Steel subindustry, Vulcan Steel'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.

Vulcan Steel's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Vulcan Steel's Receivables Turnover distribution charts can be found below:

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

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Vulcan Steel Receivables Turnover Calculation

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

Vulcan Steel's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	1244.837	/ (	(159.11	+	171.91)	/	2 )
=	1244.837	/	165.51
=	7.52

Vulcan Steel'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 )
=	493.317	/ (	(145.578	+	121.069)	/	2 )
=	493.317	/	133.3235
=	3.70

Vulcan Steel (NZSE:VSL) 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.

Vulcan Steel Receivables Turnover Related Terms

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Vulcan Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vulcan Steel Ltd (NZSE:VSL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VSL:Australia

Address

29 Neales Road, East Tamaki, Auckland, NTL, NZL, 2013

Website

https://www.vulcan.co

Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.