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. Veralto's Revenue for the
three
months ended in Mar. 2024 was $1,246 Mil. Veralto's average Accounts Receivable for the
three
months ended in Mar. 2024 was $821 Mil.
Hence, Veralto's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.52.
Veralto Receivables Turnover Historical Data
The historical data trend for Veralto'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 Veralto's Receivables Turnover
For the Pollution & Treatment Controls subindustry, Veralto'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.
Veralto's Receivables Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Veralto's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Veralto's Receivables Turnover falls into.
Veralto Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Veralto'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.
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.
Veralto Receivables Turnover Related Terms
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Veralto Corp is company which is a global provider of essential technology solutions that safeguard many of the world's most vital resources. The company operates in two segments such as Water Quality and Product Quality & Innovation. Through WQ segment they improve the quality and reliability of water through leading brands including Hach, Trojan Technologies and ChemTreat. Through PQI segment they promote consumer trust in products and help enable product innovation through leading brands including Videojet, Linx, Esko, X-Rite and Pantone.
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