Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
On Holding AGONON -2.62%85 Receivables Turnover is 2.36 as of Mar. 2026. GuruFocus rates ONON with a GF Score™ of 85/100 and a GF Value™ of $62.86 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,030 Manufacturing - Apparel & Accessories companies, On Holding AG ranks better than 65.34% on this metric.
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. On Holding AG's Revenue for the
three
months ended in Mar. 2026 was $1,057 Mil. On Holding AG's average Accounts Receivable for the
three
months ended in Mar. 2026 was $447 Mil.
Hence, On Holding AG's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.36.
On Holding AG (NYSE:ONON) 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.
On Holding AG Receivables Turnover Related Terms
On Holding AG Receivables Turnover Historical Data
* Premium members only.
The historical data trend for On Holding 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.
ONON vs DECK, BIRK, CROX: Receivables Turnover Comparison
For the Footwear & Accessories subindustry, On Holding 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.
On Holding AG Receivables Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, On Holding AG's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where On Holding AG'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.
On Holding AG (ONON) has a Receivables Turnover of 2.36 as of Mar. 2026. The accounts 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. View historical data on On Holding AG and its competitors. According to the industry distribution chart, On Holding AG ranks #357 out of 1030 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 34.7%.
Is On Holding AG's Receivables Turnover too high?
On Holding AG's current Receivables Turnover is 2.36. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.98. On Holding AG's value of 2.36 is 66.2% below this industry median. Based on the distribution chart, On Holding AG ranks #357 out of 1030 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, On Holding AG has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does On Holding AG's Receivables Turnover compare to DECK and BIRK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, On Holding AG ranks #357 out of 1030 companies for Receivables Turnover. This puts On Holding AG in the upper half of its industry. The industry median Receivables Turnover is 6.98. On Holding AG's value of 2.36 is 66.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Manufacturing - Apparel & Accessories company?
The median Receivables Turnover among Manufacturing - Apparel & Accessories companies is 6.98, based on 1,030 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. On Holding AG's current Receivables Turnover of 2.36 is 66.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on On Holding AG and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. On Holding AG's current Receivables Turnover is 2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is On Holding AG stock overvalued right now?
Based on GuruFocus' analysis, On Holding AG (ONON) is currently considered Significantly Undervalued. The stock's GF Value™ is $62.86, compared to a current price of $37.20 — trading 40.8% below its estimated fair value. The current Receivables Turnover is 2.36 and 66.2% below the Manufacturing - Apparel & Accessories industry median of 6.98. On Holding AG's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For On Holding AG (ONON), the current Receivables Turnover is 2.36 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is On Holding AG (ONON) Overvalued in 2026?
Based on GuruFocus' analysis, On Holding AG stock appears to be undervalued.
The current stock price of $37.20 is trading 40.8% below its estimated GF Value™ of $62.86.
GuruFocus considers On Holding AG to be Significantly Undervalued.
Key valuation signals for ONON:
Receivables Turnover: 2.36
GF Value™: $62.86 vs. price of $37.20 (40.8% below fair value)
Industry Position: 66.2% below the Manufacturing - Apparel & Accessories median (#357 of 1030)
No single metric tells the full story. See the ONON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in Switzerland in 2010, sportswear firm On Holding generates more than 90% of its sales from athletic shoes. The brand is best known for its running shoes and its distinctive CloudTec soles. On also produces athletic apparel (6% of 2025 sales) and accessories (1%). The firm's merchandise is available in more than 80 countries and is sold through both wholesale (58% of sales) and company-owned channels (42%). In 2025, On generated 58% of its sales in North America, 25% in Europe, the Middle East, and Africa, and 17% in the Asia-Pacific region.
85GF Score
Get the complete analysis for ONON
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ONON has been successfully added to your 
