Syensqo (XBRU:SYENS) Receivables Turnover : 1.75 (As of Dec. 2024)

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What is Syensqo 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. Syensqo's Revenue for the three months ended in Dec. 2024 was €1,662 Mil. Syensqo's average Accounts Receivable for the three months ended in Dec. 2024 was €952 Mil. Hence, Syensqo's Receivables Turnover for the three months ended in Dec. 2024 was 1.75.

Syensqo Receivables Turnover Historical Data

The historical data trend for Syensqo'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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Syensqo Receivables Turnover Chart

Syensqo Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.70

7.93

8.56

7.31

7.38

Syensqo Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial							1.76	1.78	1.72	1.69	1.75

Competitive Comparison of Syensqo's Receivables Turnover

For the Chemicals subindustry, Syensqo'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.

Syensqo's Receivables Turnover Distribution in the Chemicals Industry

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

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

Syensqo Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	6846	/ (	(907	+	948)	/	2 )
=	6846	/	927.5
=	7.38

Syensqo's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	1662	/ (	(956	+	948)	/	2 )
=	1662	/	952
=	1.75

Syensqo (XBRU:SYENS) 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.

Syensqo Receivables Turnover Related Terms

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Syensqo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Syensqo SA (XBRU:SYENS) » Definitions » Receivables Turnover

Traded in Other Exchanges

SHBBF:USA SYENSb:UK 2NF:Germany

Address

Rue de la fusee 98, Brussels, BEL, 1130

Website

https://www.syensqo.com

Syensqo is a spinoff of Solvay, a Belgium-based producer of essential and specialty chemicals, founded in 1863. The demerger was undertaken in 2022 and encompasses Solvay's specialty chemicals and materials business units. Syensqo is a leading manufacturer of high-performance materials and specialty surfactants that operates through two main segments. The materials segment (60% of sales) includes specialty polymers and composite materials mainly for applications in autos, aerospace, and electronics. Consumer and resources (40% of sales) include Novecare, technology solutions, aroma performance, and oil and gas, and serves consumer goods end markets. Geographical exposure is well balanced with North America and the Asia-Pacific each contributing around 40% of sales and the rest from Europe.

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