Otis Worldwide (STU:4PG) Receivables Turnover : 1.02 (As of Sep. 2024)

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What is Otis 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. Otis Worldwide's Revenue for the three months ended in Sep. 2024 was €3,197 Mil. Otis Worldwide's average Accounts Receivable for the three months ended in Sep. 2024 was €3,138 Mil. Hence, Otis Worldwide's Receivables Turnover for the three months ended in Sep. 2024 was 1.02.

Otis Worldwide Receivables Turnover Historical Data

The historical data trend for Otis 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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Otis Worldwide Receivables Turnover Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.78

4.11

4.85

4.45

4.23

Otis Worldwide 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															1.07	1.07	1.00	1.05	1.02

Competitive Comparison of Otis Worldwide's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Otis 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.

Otis Worldwide's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Otis Worldwide's Receivables Turnover distribution charts can be found below:

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

Otis Worldwide Receivables Turnover Calculation

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

Otis Worldwide'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 )
=	13029.653	/ (	(3050.064	+	3108.63)	/	2 )
=	13029.653	/	3079.347
=	4.23

Otis Worldwide'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 )
=	3196.748	/ (	(3185.541	+	3091.331)	/	2 )
=	3196.748	/	3138.436
=	1.02

Otis Worldwide (STU:4PG) 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.

Otis Worldwide Receivables Turnover Related Terms

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Otis Worldwide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (STU:4PG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

OTIS:USA OTIS:Mexico 4PG:Germany O1TI34:Brazil OTIS:Austria

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.

Otis Worldwide Headlines

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