Siemens Energy AG (WBO:ENR) Receivables Turnover : 1.17 (As of Dec. 2023)

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What is Siemens Energy AG 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. Siemens Energy AG's Revenue for the three months ended in Dec. 2023 was €7,649 Mil. Siemens Energy AG's average Accounts Receivable for the three months ended in Dec. 2023 was €6,543 Mil. Hence, Siemens Energy AG's Receivables Turnover for the three months ended in Dec. 2023 was 1.17.

Siemens Energy AG Receivables Turnover Historical Data

The historical data trend for Siemens Energy AG'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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Siemens Energy AG Receivables Turnover Chart

Siemens Energy AG Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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5.48

5.46

5.66

5.43

5.14

Siemens Energy AG Quarterly Data
	Sep18	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															1.25	1.38	1.22	1.32	1.17

Competitive Comparison of Siemens Energy AG's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Siemens Energy AG'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.

Siemens Energy AG's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Siemens Energy AG's Receivables Turnover falls into.

Siemens Energy AG Receivables Turnover Calculation

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

Siemens Energy AG's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	31119	/ (	(5572	+	6537)	/	2 )
=	31119	/	6054.5
=	5.14

Siemens Energy AG'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 )
=	7649	/ (	(6537	+	6548)	/	2 )
=	7649	/	6542.5
=	1.17

Siemens Energy AG (WBO:ENR) 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.

Siemens Energy AG Receivables Turnover Related Terms

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Siemens Energy AG (WBO:ENR) Business Description

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Address

Otto-Hahn-Ring 6, Munich, BY, DEU, 81739

Website

https://www.siemens-energy.com

Siemens Energy AG manufactures a wide range of equipment used to generate and transmit energy. The group is a product of the spinout from Siemens AG in 2020, consisting of the power and gas segment and Siemens Gamesa, although its operations go back over 150 years. Approximately one sixth of global electricity generation is based on its technology.