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Heidelberger Druckmaschinen AG (WBO:HDD) Receivables Turnover : 2.31 (As of Dec. 2023)


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What is Heidelberger Druckmaschinen 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. Heidelberger Druckmaschinen AG's Revenue for the three months ended in Dec. 2023 was €594 Mil. Heidelberger Druckmaschinen AG's average Accounts Receivable for the three months ended in Dec. 2023 was €258 Mil. Hence, Heidelberger Druckmaschinen AG's Receivables Turnover for the three months ended in Dec. 2023 was 2.31.


Heidelberger Druckmaschinen AG Receivables Turnover Historical Data

The historical data trend for Heidelberger Druckmaschinen 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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Heidelberger Druckmaschinen AG Receivables Turnover Chart

Heidelberger Druckmaschinen AG Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.83 7.13 7.03 8.88 9.09

Heidelberger Druckmaschinen AG 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 2.18 2.45 1.92 2.09 2.31

Competitive Comparison of Heidelberger Druckmaschinen AG's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Heidelberger Druckmaschinen 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.


Heidelberger Druckmaschinen AG's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Heidelberger Druckmaschinen AG's Receivables Turnover falls into.



Heidelberger Druckmaschinen AG Receivables Turnover Calculation

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

Heidelberger Druckmaschinen AG's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=2435 / ((246 + 290) / 2 )
=2435 / 268
=9.09

Heidelberger Druckmaschinen 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 )
=594 / ((248 + 267) / 2 )
=594 / 257.5
=2.31

* 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.


Heidelberger Druckmaschinen AG  (WBO:HDD) 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.


Heidelberger Druckmaschinen AG Receivables Turnover Related Terms

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Heidelberger Druckmaschinen AG (WBO:HDD) Business Description

Traded in Other Exchanges
Address
Kurfursten-Anlage 52-60, Heidelberg, BW, DEU, 69115
Heidelberger Druckmaschinen AG is a company which develops and manufactures offset printing presses, parts, and accessories for printing presses, printing software, dryer and ink systems and document handling machinery. It organizes its business into three segments namely Print Solutions, Packaging Solutions, and Technology Solutions. The company generates maximum revenue from the Print Solutions segment.

Heidelberger Druckmaschinen AG (WBO:HDD) Headlines

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