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. Sealed Air's Revenue for the
three
months ended in Dec. 2023 was $1,378 Mil. Sealed Air's average Accounts Receivable for the
three
months ended in Dec. 2023 was $461 Mil.
Hence, Sealed Air's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.99.
Sealed Air Receivables Turnover Historical Data
The historical data trend for Sealed Air'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 Sealed Air's Receivables Turnover
For the Packaging & Containers subindustry, Sealed Air'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.
Sealed Air's Receivables Turnover Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Sealed Air's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Sealed Air's Receivables Turnover falls into.
Sealed Air Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Sealed Air'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.
Sealed Air (NYSE:SEE) 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.
Sealed Air Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Sealed Air's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Sealed Air is organized via two reporting segments. Food care includes food packaging products like Cryovac, Darfresh, and OptiDure aimed primarily at meats. Product care includes Sealed Air's Bubble Wrap, Instapak, Jiffy mailers, and shrink film packaging systems that cater to industrial and e-commerce applications.
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