Vestis (STU:6TS) Receivables Turnover : 2.28 (As of Sep. 2024)

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What is Vestis 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. Vestis's Revenue for the three months ended in Sep. 2024 was €617 Mil. Vestis's average Accounts Receivable for the three months ended in Sep. 2024 was €270 Mil. Hence, Vestis's Receivables Turnover for the three months ended in Sep. 2024 was 2.28.

Vestis Receivables Turnover Historical Data

The historical data trend for Vestis'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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Vestis Receivables Turnover Chart

Vestis Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Sep24

Receivables Turnover

7.74

8.45

7.15

9.58

Vestis Quarterly Data
	Sep20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial								1.85	1.78	1.75	1.72	2.28

Competitive Comparison of Vestis's Receivables Turnover

For the Rental & Leasing Services subindustry, Vestis'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.

Vestis's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Vestis's Receivables Turnover distribution charts can be found below:

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

Vestis Receivables Turnover Calculation

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

Vestis's Receivables Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Receivables Turnover (A: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2024 )	/ (	(Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )
=	2528.044	/ (	(368.162	+	159.721)	/	2 )
=	2528.044	/	263.9415
=	9.58

Vestis'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 )
=	616.537	/ (	(380.821	+	159.721)	/	2 )
=	616.537	/	270.271
=	2.28

Vestis (STU:6TS) 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.

Vestis Receivables Turnover Related Terms

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Vestis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vestis Corp (STU:6TS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VSTS:USA

Address

1035 Alpharetta Street, Suite 2100, Roswell, GA, USA, 30075

Website

https://www.aramarkuniform.com

Vestis Corp is a provider of uniform rentals and workplace supplies across the United States and Canada. It provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products, and other workplace supplies. The Company serves customers ranging from small, family-owned operations with a single location to large corporations and national franchises with multiple locations. The company operates in the United States and Canada as reportable segments. The company earns the majority of its revenue from the United States.

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