AlzChem Group AG (XTER:ACT) Receivables Turnover : 1.83 (As of Mar. 2024)

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What is AlzChem Group AG 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. AlzChem Group AG's Revenue for the three months ended in Mar. 2024 was €150.1 Mil. AlzChem Group AG's average Accounts Receivable for the three months ended in Mar. 2024 was €81.8 Mil. Hence, AlzChem Group AG's Receivables Turnover for the three months ended in Mar. 2024 was 1.83.

AlzChem Group AG Receivables Turnover Historical Data

The historical data trend for AlzChem Group AG'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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AlzChem Group AG Receivables Turnover Chart

AlzChem Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.25

11.56

11.42

11.23

8.26

AlzChem Group AG 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															2.27	1.93	2.05	2.07	1.83

Competitive Comparison of AlzChem Group AG's Receivables Turnover

For the Specialty Chemicals subindustry, AlzChem Group AG'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.

AlzChem Group AG's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where AlzChem Group AG's Receivables Turnover falls into.

AlzChem Group AG Receivables Turnover Calculation

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

AlzChem Group AG'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 )
=	540.649	/ (	(55.712	+	75.212)	/	2 )
=	540.649	/	65.462
=	8.26

AlzChem Group AG'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 )
=	150.064	/ (	(75.212	+	88.388)	/	2 )
=	150.064	/	81.8
=	1.83

AlzChem Group AG (XTER:ACT) 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.

AlzChem Group AG Receivables Turnover Related Terms

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AlzChem Group AG (XTER:ACT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

SFP1:Germany ACT:Germany

Address

Dr.-Albert-Frank-Street 32, Trostberg, DEU, 83308

Website

https://www.alzchem.com

AlzChem Group AG is an international chemical company. Its reportable segments are Specialty Chemicals, Basics and Intermediates, and Other Holdings. The specialty chemicals segment focuses on the production and distribution of high-quality growth products, and the basics and intermediates segment covers the production of basic and intermediate products. It generates a majority of its revenue from the Specialty Chemical segment. Geographically it serves Europe, Asia, and the Rest of the world whilst deriving substantial revenue from Germany.