Rapala VMC (Rapala VMC) Receivables Turnover : 4.07 (As of Dec. 2023)

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What is Rapala VMC 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. Rapala VMC's Revenue for the six months ended in Dec. 2023 was $113.1 Mil. Rapala VMC's average Accounts Receivable for the six months ended in Dec. 2023 was $27.8 Mil. Hence, Rapala VMC's Receivables Turnover for the six months ended in Dec. 2023 was 4.07.

Rapala VMC Receivables Turnover Historical Data

The historical data trend for Rapala VMC'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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Rapala VMC Receivables Turnover Chart

Rapala VMC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.11

6.31

6.21

7.19

Rapala VMC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.81	2.89	3.39	3.24	4.07

Competitive Comparison of Rapala VMC's Receivables Turnover

For the Leisure subindustry, Rapala VMC'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.

Rapala VMC's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Rapala VMC's Receivables Turnover distribution charts can be found below:

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

Rapala VMC Receivables Turnover Calculation

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

Rapala VMC'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 )
=	241.658	/ (	(39.407	+	27.808)	/	2 )
=	241.658	/	33.6075
=	7.19

Rapala VMC'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 )
=	113.086	/ (	(0	+	27.808)	/	1 )
=	113.086	/	27.808
=	4.07

Rapala VMC (OTCPK:RPNMF) 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.

Rapala VMC Receivables Turnover Related Terms

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Rapala VMC (Rapala VMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rapala VMC Corp (OTCPK:RPNMF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

RAP1V:Finland RAP:Germany

Address

Makelankatu 87, Helsinki, FIN, 00610

Website

https://www.rapalavmc.com

Rapala VMC Corp is a fishing tackle company. It is engaged in the business of manufacturing, sourcing and distributing mainly fishing tackle equipment as well as hunting, outdoor and winter sports equipment. The company's products include fishing lures, treble hooks, fishing related knives and hooks etc. The firm markets and sells its products under Sufix, Mora Ice, Peltonen, Williamson, VMC, Storm, Blue fox and Rapala brand names. The company has Group products and Third-party products operating segments. It derives the majority of its revenues from the Group products operating segment.

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