DSM Firmenich AG (XAMS:DSFIR) Receivables Turnover : 2.43 (As of Dec. 2023)

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What is DSM Firmenich 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. DSM Firmenich AG's Revenue for the six months ended in Dec. 2023 was €6,157 Mil. DSM Firmenich AG's average Accounts Receivable for the six months ended in Dec. 2023 was €2,529 Mil. Hence, DSM Firmenich AG's Receivables Turnover for the six months ended in Dec. 2023 was 2.43.

DSM Firmenich AG Receivables Turnover Historical Data

The historical data trend for DSM Firmenich 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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DSM Firmenich AG Receivables Turnover Chart

DSM Firmenich AG Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

5.56

5.23

DSM Firmenich AG Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	1.53	2.03	2.23	2.43

Competitive Comparison of DSM Firmenich AG's Receivables Turnover

For the Household & Personal Products subindustry, DSM Firmenich 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.

DSM Firmenich AG's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, DSM Firmenich AG's Receivables Turnover distribution charts can be found below:

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

DSM Firmenich AG Receivables Turnover Calculation

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

DSM Firmenich 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 )
=	10627	/ (	(1508	+	2553)	/	2 )
=	10627	/	2030.5
=	5.23

DSM Firmenich 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 )
=	6157	/ (	(2505	+	2553)	/	2 )
=	6157	/	2529
=	2.43

DSM Firmenich AG (XAMS:DSFIR) 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.

DSM Firmenich AG Receivables Turnover Related Terms

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DSM Firmenich AG (XAMS:DSFIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DSM Firmenich AG (XAMS:DSFIR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DSFIRa:UK 0AC9:UK ZX6:Germany DSFI:Austria

Address

Wurmisweg 576, Kaiseraugst, CHE, 4303

Website

https://www.dsm-firmenich.com/corporate/home.html

DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from animal feed to medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.

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