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Regal Rexnord (Regal Rexnord) Receivables Turnover : 1.75 (As of Dec. 2023)


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What is Regal Rexnord 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. Regal Rexnord's Revenue for the three months ended in Dec. 2023 was $1,608 Mil. Regal Rexnord's average Accounts Receivable for the three months ended in Dec. 2023 was $920 Mil. Hence, Regal Rexnord's Receivables Turnover for the three months ended in Dec. 2023 was 1.75.


Regal Rexnord Receivables Turnover Historical Data

The historical data trend for Regal Rexnord'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.

* Premium members only.

Regal Rexnord Receivables Turnover Chart

Regal Rexnord 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 6.39 6.51 6.26 6.59 7.27

Regal Rexnord 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 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 1.54 1.34 1.73 1.71 1.75

Competitive Comparison of Regal Rexnord's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Regal Rexnord'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.


Regal Rexnord's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Regal Rexnord's Receivables Turnover distribution charts can be found below:

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



Regal Rexnord Receivables Turnover Calculation

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

Regal Rexnord'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 )
=6250.7 / ((797.4 + 921.6) / 2 )
=6250.7 / 859.5
=7.27

Regal Rexnord'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 )
=1608.2 / ((918.7 + 921.6) / 2 )
=1608.2 / 920.15
=1.75

* 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.


Regal Rexnord  (NYSE:RRX) 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.


Regal Rexnord Receivables Turnover Related Terms

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Regal Rexnord (Regal Rexnord) Business Description

Traded in Other Exchanges
Address
200 State Street, Beloit, WI, USA, 53511
Regal Rexnord Corp is in the engineering and manufacturing of industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products and specialty electrical components and systems, serving customers around the world. The four operating segments include Commercial Systems, Industrial Systems, Climate Solutions and Motion Control Solutions.
Executives
Theodore D Crandall director C/O ROCKWELL AUTOMATION INC, 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
Timothy A. Dickson officer: SVP & Chief Digi & Info Ofc* 111 WEST MICHIGAN STREET, MILWAUKEE WI 53203
John Avampato officer: VP & Chief Information Officer 200 STATE STREET, BELOIT WI 53511
Brooke Lang officer: EVP and President, PES* 2090 BLAIRMONT DR, PITTSBURGH PA 15241
Michael P Doss director 814 LIVINGSTON COURT, MARIETTA GA 30067
Alexander P Scarpelli officer: VP, Corp. Controller and CAO* 200 STATE STREET, BELOIT WI 53511
John C Kunze officer: Segment President* 200 STATE STREET, BELOIT WI 53511
Curtis W Stoelting director C/O RC2 CORPORATION, 1111 WEST 22ND STREET, SUITE 320, OAK BROOK IL 60523
Christopher L Doerr director
Kevin J Zaba officer: President, Motion Control Sol. C/O REXNORD CORPORATION, P.O. BOX 2022, MILWAUKEE WI 53201
Daniel J Klun officer: VP, Corporate Controller 200 STATE STREET, BELOIT WI 53511
Robin A Walker-lee director C/O TRW AUTOMOTIVE, 12001 TECH CENTER DRIVE, LIVONIA MI 48150
Scott Douglas Brown officer: Segment President* 200 STATE STREET, BELOIT WI 53511
Dean A Foate director
Eric S Mcginnis officer: Segment President* 200 STATE STREET, BELOIT WI 53511