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Palram Industries (1990) (XTAE:PLRM) Receivables Turnover : 1.39 (As of Sep. 2024)


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What is Palram Industries (1990) 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. Palram Industries (1990)'s Revenue for the three months ended in Sep. 2024 was ₪490 Mil. Palram Industries (1990)'s average Accounts Receivable for the three months ended in Sep. 2024 was ₪353 Mil. Hence, Palram Industries (1990)'s Receivables Turnover for the three months ended in Sep. 2024 was 1.39.


Palram Industries (1990) Receivables Turnover Historical Data

The historical data trend for Palram Industries (1990)'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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Palram Industries (1990) Receivables Turnover Chart

Palram Industries (1990) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.94 6.61 6.23 6.43 6.52

Palram Industries (1990) 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.35 1.48 1.54 1.50 1.39

Competitive Comparison of Palram Industries (1990)'s Receivables Turnover

For the Building Products & Equipment subindustry, Palram Industries (1990)'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.


Palram Industries (1990)'s Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Palram Industries (1990)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Palram Industries (1990)'s Receivables Turnover falls into.



Palram Industries (1990) Receivables Turnover Calculation

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

Palram Industries (1990)'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 )
=1717.746 / ((270.054 + 257.102) / 2 )
=1717.746 / 263.578
=6.52

Palram Industries (1990)'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 )
=490.313 / ((353.138 + 353.821) / 2 )
=490.313 / 353.4795
=1.39

* 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.


Palram Industries (1990)  (XTAE:PLRM) 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.


Palram Industries (1990) Receivables Turnover Related Terms

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Palram Industries (1990) Business Description

Traded in Other Exchanges
N/A
Address
Kibbutz Ramat-Yohanan, Ramat-Yohanan, ISR, 30035
Palram Industries (1990) Ltd manufactures semi-finished extruded thermoplastic sheets, panel systems and finished products. Its products include four categories, namely, flat sheets, corrugated sheets, panel systems & specialty products. Its products used in construction and architectural projects, sign and display, agricultural, glazing, and fabrication. palram panel systems.

Palram Industries (1990) Headlines