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Rath AG (WBO:RAT) Receivables Turnover : 4.53 (As of Dec. 2023)


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What is Rath 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. Rath AG's Revenue for the six months ended in Dec. 2023 was €60.6 Mil. Rath AG's average Accounts Receivable for the six months ended in Dec. 2023 was €13.4 Mil. Hence, Rath AG's Receivables Turnover for the six months ended in Dec. 2023 was 4.53.


Rath AG Receivables Turnover Historical Data

The historical data trend for Rath 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.

* Premium members only.

Rath AG Receivables Turnover Chart

Rath AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.64 7.82 8.86 8.26 8.36

Rath AG 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 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 3.85 3.92 4.44 4.74 4.53

Competitive Comparison of Rath AG's Receivables Turnover

For the Building Products & Equipment subindustry, Rath 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.


Rath AG's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Rath AG's Receivables Turnover distribution charts can be found below:

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



Rath AG Receivables Turnover Calculation

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

Rath AG'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 )
=121.787 / ((14.107 + 15.04) / 2 )
=121.787 / 14.5735
=8.36

Rath 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: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=60.587 / ((11.725 + 15.04) / 2 )
=60.587 / 13.3825
=4.53

* 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.


Rath AG  (WBO:RAT) 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.


Rath AG Receivables Turnover Related Terms

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Rath AG (WBO:RAT) Business Description

Traded in Other Exchanges
N/A
Address
Walfischgasse 14, Vienna, AUT, 1015
Rath AG is an Austrian company that manufactures refractory products. It produces dense stones, refractory bricks, masses and high-temperature wool. It operates in nine different industry sectors, namely Iron and steel industry, domestic fireplaces, ceramic industry, sonderofenbau, energy and environmental technology, chemical, and petrochemical industry, glass industry, non-ferrous metal industry and cement and lime industry.

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