What is Packaging of America 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. Packaging of America's Revenue for the
three
months ended in Dec. 2023 was $1,938 Mil. Packaging of America's average Accounts Receivable for the
three
months ended in Dec. 2023 was $1,039 Mil.
Hence, Packaging of America's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.86.
Packaging of America Receivables Turnover Historical Data
The historical data trend for Packaging of America'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.
Competitive Comparison of Packaging of America's Receivables Turnover
For the Packaging & Containers subindustry, Packaging of America'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.
Packaging of America's Receivables Turnover Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Packaging of America's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Packaging of America's Receivables Turnover falls into.
Packaging of America Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Packaging of America's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Packaging of America (NYSE:PKG) 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.
Packaging of America Receivables Turnover Related Terms
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Packaging of America (Packaging of America) Business Description
Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. The firm differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.
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