Rolls-Royce Holdings (Rolls-Royce Holdings) Receivables Turnover : 3.35 (As of Dec. 2023)

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What is Rolls-Royce Holdings 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. Rolls-Royce Holdings's Revenue for the six months ended in Dec. 2023 was $11,346 Mil. Rolls-Royce Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $3,388 Mil. Hence, Rolls-Royce Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.35.

Rolls-Royce Holdings Receivables Turnover Historical Data

The historical data trend for Rolls-Royce Holdings'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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Rolls-Royce Holdings Receivables Turnover Chart

Rolls-Royce Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.82

5.30

5.18

5.62

6.48

Rolls-Royce Holdings 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															2.60	2.37	3.30	3.05	3.35

Competitive Comparison of Rolls-Royce Holdings's Receivables Turnover

For the Aerospace & Defense subindustry, Rolls-Royce Holdings'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.

Rolls-Royce Holdings's Receivables Turnover Distribution in the Aerospace & Defense Industry

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

* The bar in red indicates where Rolls-Royce Holdings's Receivables Turnover falls into.

Rolls-Royce Holdings Receivables Turnover Calculation

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

Rolls-Royce Holdings'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 )
=	20868.354	/ (	(2946.407	+	3498.734)	/	2 )
=	20868.354	/	3222.5705
=	6.48

Rolls-Royce Holdings'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 )
=	11345.57	/ (	(3277.778	+	3498.734)	/	2 )
=	11345.57	/	3388.256
=	3.35

Rolls-Royce Holdings (OTCPK:RYCEY) 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.

Rolls-Royce Holdings Receivables Turnover Related Terms

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Rolls-Royce Holdings (Rolls-Royce Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Rolls-Royce Holdings PLC (OTCPK:RYCEY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

RYCEF:USA RLLCF.PFD:USA RRl:UK RR.:UK RRU:Germany

Address

90 York Way, Kings Place, London, GBR, N1 9FX

Website

https://www.rolls-royce.com

Rolls-Royce operates three core business segments: civil aerospace, power systems, and defense. The civil aerospace segment builds engines powering wide-body aircraft, regional and business jets, and offers aftermarket services. Twenty years ago, the firm pioneered full-service flight hour contracts with the TotalCare package. Power systems provides power solutions to multiple end markets (defense, agriculture, marine, and power generation) while the defense business provides military, ground vehicle and naval propulsion solutions.