Kaman (FRA:KA1) Receivables Turnover : 1.98 (As of Dec. 2023)

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What is Kaman 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. Kaman's Revenue for the three months ended in Dec. 2023 was €186.3 Mil. Kaman's average Accounts Receivable for the three months ended in Dec. 2023 was €94.2 Mil. Hence, Kaman's Receivables Turnover for the three months ended in Dec. 2023 was 1.98.

Kaman Receivables Turnover Historical Data

The historical data trend for Kaman'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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Kaman Receivables Turnover Chart

Kaman Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.15

4.99

6.73

8.98

8.32

Kaman Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.05	2.07	1.91	1.77	1.98

Competitive Comparison of Kaman's Receivables Turnover

For the Aerospace & Defense subindustry, Kaman'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.

Kaman's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Kaman's Receivables Turnover distribution charts can be found below:

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

Kaman Receivables Turnover Calculation

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

Kaman'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 )
=	711.458	/ (	(81.935	+	89.075)	/	2 )
=	711.458	/	85.505
=	8.32

Kaman'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	186.264	/ (	(99.336	+	89.075)	/	2 )
=	186.264	/	94.2055
=	1.98

Kaman (FRA:KA1) 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.

Kaman Receivables Turnover Related Terms

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Kaman (FRA:KA1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Kaman Corp (FRA:KA1) » Definitions » Receivables Turnover

Comparable Companies

CDRE ACHR VSEC EVEX EH TGI VVX MRCY RGR DCO GE RTX XPAR:AIR LMT BA XPAR:SAF GD NOC TDG LSE:BA.

Traded in Other Exchanges

KAMN:USA KA1:Germany

Address

1332 Blue Hills Avenue, Bloomfield, CT, USA, 06002

Website

https://www.kaman.com

Kaman Corp is a diversified company that conducts business in the aerospace and defense, medical and industrial markets. The Engineered Products segment serves the aerospace and defense, industrial and medical markets providing sophisticated proprietary aircraft bearings and components. The Precision Products segment serves the aerospace and defense markets providing precision safe and arming solutions for missile and bomb systems for the U.S. and allied militaries. The Structures segment serves the aerospace and defense and medical end markets providing sophisticated complex metallic and composite aerostructures for commercial, military, and general aviation fixed military and general aviation fixed and rotary wing aircraft, and medical imaging solutions.

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