Primo Water (STU:GC6) Receivables Turnover : 2.94 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Primo Water 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. Primo Water's Revenue for the three months ended in Mar. 2024 was €416 Mil. Primo Water's average Accounts Receivable for the three months ended in Mar. 2024 was €141 Mil. Hence, Primo Water's Receivables Turnover for the three months ended in Mar. 2024 was 2.94.

Primo Water Receivables Turnover Historical Data

The historical data trend for Primo Water'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.

Primo Water Receivables Turnover Chart

Primo Water Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

7.51

9.17

7.29

8.85

11.52

Primo Water Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.96	2.12	2.20	0.05	2.94

Competitive Comparison of Primo Water's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Primo Water'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.

Primo Water's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Primo Water's Receivables Turnover distribution charts can be found below:

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

Primo Water Receivables Turnover Calculation

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

Primo Water'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 )
=	1624.741	/ (	(147.83	+	134.249)	/	2 )
=	1624.741	/	141.0395
=	11.52

Primo Water's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	415.84	/ (	(134.249	+	148.396)	/	2 )
=	415.84	/	141.3225
=	2.94

Primo Water (STU:GC6) 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.

Primo Water Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Primo Water's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Primo Water (STU:GC6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Primo Water Corp (STU:GC6) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PRMW:USA GC6:Germany PRMW:Canada

Address

1200 Britannia Road East, Mississauga, ON, CAN, L4W 4T5

Website

https://www.primowatercorp.com

Primo Water is a pure-play water provider with a variety of products and services, including water delivery, exchange, refill/filtration, and water dispensers in 21 countries, mostly in North America and Europe. The firm usually initiates the customer relationship with the sale of water dispensers, and then generates recurring revenue via the water direct and exchange services (two thirds of total sales) by delivering large-format (typically three gallons or greater) water bottles to residential and commercial customers for use atop or inside the dispensers. Primo generates 75% of revenue and all its profits in North America, while its European operation has yet to turn a profit.

Primo Water (STU:GC6) Headlines

No Headlines