Raba Automotive Holding (STU:RMV1) Receivables Turnover : 2.01 (As of Mar. 2024)

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What is Raba Automotive Holding 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. Raba Automotive Holding's Revenue for the three months ended in Mar. 2024 was €42.4 Mil. Raba Automotive Holding's average Accounts Receivable for the three months ended in Mar. 2024 was €21.1 Mil. Hence, Raba Automotive Holding's Receivables Turnover for the three months ended in Mar. 2024 was 2.01.

Raba Automotive Holding Receivables Turnover Historical Data

The historical data trend for Raba Automotive Holding'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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Raba Automotive Holding Receivables Turnover Chart

Raba Automotive Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.54

7.87

8.10

8.36

8.85

Raba Automotive Holding 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															2.00	1.81	1.62	2.04	2.01

Competitive Comparison of Raba Automotive Holding's Receivables Turnover

For the Auto Parts subindustry, Raba Automotive Holding'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.

Raba Automotive Holding's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Raba Automotive Holding's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Raba Automotive Holding's Receivables Turnover falls into.

Raba Automotive Holding Receivables Turnover Calculation

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

Raba Automotive Holding'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 )
=	181.686	/ (	(22.63	+	18.442)	/	2 )
=	181.686	/	20.536
=	8.85

Raba Automotive Holding'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 )
=	42.424	/ (	(18.442	+	23.739)	/	2 )
=	42.424	/	21.0905
=	2.01

Raba Automotive Holding (STU:RMV1) 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.

Raba Automotive Holding Receivables Turnover Related Terms

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Raba Automotive Holding (STU:RMV1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Raba Automotive Holding PLC (STU:RMV1) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

RABA:Hungary

Address

Martin ut 1, Gyor, HUN, 9027

Website

https://www.raba.hu

Raba Automotive Holding PLC operates in the automotive industry which operates in three divisions namely the Axle business unit, the Vehicle business unit, and the Automotive components business unit. The Axle segment comprises the manufacturing and sale of axles, parts, and components. The Vehicles segment includes the manufacturing of truck and bus undercarriages and related components, as well as the assembly and sale of vehicles. The parts components segment includes the manufacturing and sale of spare parts, seat frames, pressed frameworks and truck undercarriages, and sewing seat upholstery. Its products are installed in medium- and heavy-duty trucks, military trucks, buses, and others. The company generates a majority of its revenue from the Parts business segment.

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