Balfour Beatty (Balfour Beatty) Receivables Turnover : 5.87 (As of Dec. 2023)

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What is Balfour Beatty 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. Balfour Beatty's Revenue for the six months ended in Dec. 2023 was $5,294 Mil. Balfour Beatty's average Accounts Receivable for the six months ended in Dec. 2023 was $902 Mil. Hence, Balfour Beatty's Receivables Turnover for the six months ended in Dec. 2023 was 5.87.

Balfour Beatty Receivables Turnover Historical Data

The historical data trend for Balfour Beatty'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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Balfour Beatty Receivables Turnover Chart

Balfour Beatty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.44

9.84

9.89

10.08

11.48

Balfour Beatty Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.89	4.56	5.30	5.38	5.87

Competitive Comparison of Balfour Beatty's Receivables Turnover

For the Engineering & Construction subindustry, Balfour Beatty'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.

Balfour Beatty's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Balfour Beatty's Receivables Turnover distribution charts can be found below:

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

Balfour Beatty Receivables Turnover Calculation

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

Balfour Beatty'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 )
=	10117.722	/ (	(873.325	+	889.873)	/	2 )
=	10117.722	/	881.599
=	11.48

Balfour Beatty's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	5293.671	/ (	(914.141	+	889.873)	/	2 )
=	5293.671	/	902.007
=	5.87

Balfour Beatty (OTCPK:BAFBF) 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.

Balfour Beatty Receivables Turnover Related Terms

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Balfour Beatty (Balfour Beatty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Balfour Beatty PLC (OTCPK:BAFBF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BAFYY:USA BBYl:UK BBY:UK BIH:Germany

Address

5 Churchill Place, Canary Wharf, London, GBR, E14 5HU

Website

https://www.balfourbeatty.com

Balfour Beatty PLC finances, builds, and maintains infrastructure projects. It develops projects in energy, water, communications, transportation, and other industrial markets. In addition, the company manages construction businesses and provides maintenance and management services in power transmission, utilities infrastructure, road, and rail. Some projects are granted through concessions by government authorities. Balfour Beatty operates three business segments: Construction services (majority of total revenue), Support services, and Infrastructure investments. It will invest directly in infrastructure assets when there are opportunities to manage the projects upon completion and create recurring revenue. The majority of sales are derived from the United Kingdom and the United States.