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Resonac Holdings (Resonac Holdings) Receivables Turnover : 1.33 (As of Dec. 2023)


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What is Resonac Holdings 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. Resonac Holdings's Revenue for the three months ended in Dec. 2023 was $2,407 Mil. Resonac Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $1,809 Mil. Hence, Resonac Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 1.33.


Resonac Holdings Receivables Turnover Historical Data

The historical data trend for Resonac Holdings'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.

Resonac Holdings Receivables Turnover Chart

Resonac Holdings 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 4.92 4.49 4.92 4.67 4.69

Resonac Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.33 1.21 1.28 1.24 1.33

Competitive Comparison of Resonac Holdings's Receivables Turnover

For the Chemicals subindustry, Resonac Holdings'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.


Resonac Holdings's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Resonac Holdings's Receivables Turnover distribution charts can be found below:

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



Resonac Holdings Receivables Turnover Calculation

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

Resonac Holdings'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 )
=8951.629 / ((1972.304 + 1848.307) / 2 )
=8951.629 / 1910.3055
=4.69

Resonac Holdings'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=2406.99 / ((1769.894 + 1848.307) / 2 )
=2406.99 / 1809.1005
=1.33

* 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.


Resonac Holdings  (OTCPK:SHWDY) 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.


Resonac Holdings Receivables Turnover Related Terms

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Resonac Holdings (Resonac Holdings) Business Description

Traded in Other Exchanges
Address
1-13-9 Shibadaimon, Minato-ku, Tokyo, JPN, 105-8518
Resonac Holdings Corp manufactures and sells chemicals, aluminum, and electronics. The firm organizes itself into four segments, which are the Semiconductor and Electronic materials segment, the Mobility segment, the Chemicals segment, and the Innovations Enabling segment. Geographically the company derives sales from Japan, China, Asia excluding Japan and China, and the rest of the world. The majority of sales are derived from Japan.