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Steniel Manufacturing (PHS:STN) Receivables Turnover : 0.88 (As of Sep. 2024)


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What is Steniel Manufacturing 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. Steniel Manufacturing's Revenue for the three months ended in Sep. 2024 was ₱709 Mil. Steniel Manufacturing's average Accounts Receivable for the three months ended in Sep. 2024 was ₱804 Mil. Hence, Steniel Manufacturing's Receivables Turnover for the three months ended in Sep. 2024 was 0.88.


Steniel Manufacturing Receivables Turnover Historical Data

The historical data trend for Steniel Manufacturing'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.

* Premium members only.

Steniel Manufacturing Receivables Turnover Chart

Steniel Manufacturing Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.45 0.22 3.59 3.96 4.42

Steniel Manufacturing 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.69 0.79 0.92 0.95 0.88

Competitive Comparison of Steniel Manufacturing's Receivables Turnover

For the Packaging & Containers subindustry, Steniel Manufacturing'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.


Steniel Manufacturing's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Steniel Manufacturing's Receivables Turnover distribution charts can be found below:

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



Steniel Manufacturing Receivables Turnover Calculation

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

Steniel Manufacturing'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 )
=3364.645 / ((694.902 + 829.001) / 2 )
=3364.645 / 761.9515
=4.42

Steniel Manufacturing'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 )
=709.259 / ((958.729 + 649.855) / 2 )
=709.259 / 804.292
=0.88

* 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.


Steniel Manufacturing  (PHS:STN) 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.


Steniel Manufacturing Receivables Turnover Related Terms

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Steniel Manufacturing Business Description

Traded in Other Exchanges
N/A
Address
Gateway Business Park, Barangay. Javalera, General Trias, Cavite, CAV, PHL
Steniel Manufacturing Corp is engaged in the manufacturing of industrial packaging materials in the Philippines. It also engages in the manufacturing and sales of all kinds of paper products, paperboard and corrugated carton containers, and all other allied products and processes. Its products are mainly used for packaging consumer goods, fresh fruits, canned sardines, furniture, and electronic goods.