Ionics (PHS:ION) Receivables Turnover : 1.58 (As of Sep. 2024)

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What is Ionics 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. Ionics's Revenue for the three months ended in Sep. 2024 was ₱1,629 Mil. Ionics's average Accounts Receivable for the three months ended in Sep. 2024 was ₱1,032 Mil. Hence, Ionics's Receivables Turnover for the three months ended in Sep. 2024 was 1.58.

Ionics Receivables Turnover Historical Data

The historical data trend for Ionics'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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Ionics Receivables Turnover Chart

Ionics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.66

4.90

4.97

5.10

5.54

Ionics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.42	1.20	1.35	1.54	1.58

Competitive Comparison of Ionics's Receivables Turnover

For the Consumer Electronics subindustry, Ionics'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.

Ionics's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ionics's Receivables Turnover distribution charts can be found below:

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

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Ionics Receivables Turnover Calculation

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

Ionics'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 )
=	5585.902	/ (	(939.593	+	1075.594)	/	2 )
=	5585.902	/	1007.5935
=	5.54

Ionics's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1628.597	/ (	(1091.199	+	973.764)	/	2 )
=	1628.597	/	1032.4815
=	1.58

Ionics (PHS:ION) 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.

Ionics Receivables Turnover Related Terms

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Ionics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ionics Inc (PHS:ION) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Circuit Street, Light Industry and Science Park of the Philippines-I, Bo. Diezmo, Cabuyao, LAG, PHL, 4025

Website

http://www.ionicsgroup.com

Ionics Inc engages in the designing and manufacturing of electronic products, plastic injection molding, property holdings, and management. The company's operating segment includes Computer Peripheral; Telecom; Automotive; Consumer Electronics; Real Estate and Others. It generates maximum revenue from the Consumer Electronics segment. The Consumer Electronics segment, designs, builds, ships, and provides logistics services for its customers in the digital media devices, digital television capture, and audio products industries. Geographically, it derives a majority of its revenue from Asia and also has a presence in Europe and North America.