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. Owens-Corning's Revenue for the
three
months ended in Dec. 2024 was $2,840 Mil. Owens-Corning's average Accounts Receivable for the
three
months ended in Dec. 2024 was $1,411 Mil.
Hence, Owens-Corning's Receivables Turnover for the
three
months ended in Dec. 2024 was 2.01.
Owens-Corning Receivables Turnover Historical Data
The historical data trend for Owens-Corning'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.
Competitive Comparison of Owens-Corning's Receivables Turnover
For the Building Products & Equipment subindustry, Owens-Corning'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.
Owens-Corning's Receivables Turnover Distribution in the Construction Industry
For the Construction industry and Industrials sector, Owens-Corning's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Owens-Corning's Receivables Turnover falls into.
* 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.
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.
Owens-Corning Receivables Turnover Related Terms
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Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with four reportable segments: Composites, Insulation, Doors, and Roofing. It generates maximum revenue from the Roofing segment. Its Roofing segment laminate and strip asphalt roofing shingles, roofing components, synthetic packaging materials, and oxidized asphalt. It meets the growing demand for longer-lasting, aesthetically attractive laminate products with modest capital investment. Geographically the company generates the majority of its revenue from the United States.
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