Reliance Worldwide (Reliance Worldwide) Receivables Turnover : 2.58 (As of Dec. 2023)

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What is Reliance Worldwide 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. Reliance Worldwide's Revenue for the six months ended in Dec. 2023 was $590 Mil. Reliance Worldwide's average Accounts Receivable for the six months ended in Dec. 2023 was $228 Mil. Hence, Reliance Worldwide's Receivables Turnover for the six months ended in Dec. 2023 was 2.58.

Reliance Worldwide Receivables Turnover Historical Data

The historical data trend for Reliance Worldwide'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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Reliance Worldwide Receivables Turnover Chart

Reliance Worldwide Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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5.16

5.09

5.64

5.33

5.18

Reliance Worldwide Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										2.39	2.72	2.48	2.66	2.58

Competitive Comparison of Reliance Worldwide's Receivables Turnover

For the Building Products & Equipment subindustry, Reliance Worldwide'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.

Reliance Worldwide's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Reliance Worldwide's Receivables Turnover distribution charts can be found below:

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

Reliance Worldwide Receivables Turnover Calculation

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

Reliance Worldwide'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 )
=	1243.802	/ (	(240.617	+	240.017)	/	2 )
=	1243.802	/	240.317
=	5.18

Reliance Worldwide's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	589.529	/ (	(240.017	+	216.253)	/	2 )
=	589.529	/	228.135
=	2.58

Reliance Worldwide (OTCPK:RLLWF) 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.

Reliance Worldwide Receivables Turnover Related Terms

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Reliance Worldwide (Reliance Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliance Worldwide Corp Ltd (OTCPK:RLLWF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

0EU:Germany RWC:Australia

Address

140 William Street, Level 26, Melbourne, VIC, AUS, 3000

Website

https://www.rwc.com

Reliance Worldwide designs, manufactures, and supplies branded plumbing products which are sold across North America, Asia-Pacific, and Europe. The company focuses on push-to-connect plumbing products, including fitting, pipes and valves, under its brands SharkBite, JG Speedfit, and EvoPex. Reliance's products are used in residential and commercial applications for the residential renovation, maintenance, and home improvement end-markets. Reliance sells around 45% of its products to plumbing wholesalers and merchants, 35% to hardware and home improvement retailers (including Home Depot, Lowe's, and Reece) and 20% to original equipment manufacturers of hot water systems.