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. Symbotic's Revenue for the
three
months ended in Dec. 2023 was $368 Mil. Symbotic's average Accounts Receivable for the
three
months ended in Dec. 2023 was $111 Mil.
Hence, Symbotic's Receivables Turnover for the
three
months ended in Dec. 2023 was 3.32.
Symbotic Receivables Turnover Historical Data
The historical data trend for Symbotic'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 Symbotic's Receivables Turnover
For the Specialty Industrial Machinery subindustry, Symbotic'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.
Symbotic's Receivables Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Symbotic's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Symbotic's Receivables Turnover falls into.
Symbotic Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Symbotic's Receivables Turnover for the fiscal year that ended in Sep. 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.
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.
Symbotic Receivables Turnover Related Terms
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Symbotic Inc is an automation technology company that develops technologies to improve operating efficiencies in modern warehouses. The group develops, commercializes, and deploys innovative, end-to-end technology solutions that dramatically improve supply chain operations. Symbotic also automates the processing of pallets and cases in large warehouses or distribution centers for some of the retail and wholesale companies in the world. The company operates in two geographical regions the United States and Canada. Key revenue is generated from the United States.
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