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ATS (ATS) Receivables Turnover : 1.59 (As of Sep. 2023)


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What is ATS 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. ATS's Revenue for the three months ended in Sep. 2023 was $544 Mil. ATS's average Accounts Receivable for the three months ended in Sep. 2023 was $341 Mil. Hence, ATS's Receivables Turnover for the three months ended in Sep. 2023 was 1.59.


ATS Receivables Turnover Historical Data

The historical data trend for ATS'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.

ATS Receivables Turnover Chart

ATS Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.52 5.22 6.86 6.64 7.00

ATS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 1.69 1.86 1.90 1.59 -

Competitive Comparison of ATS's Receivables Turnover

For the Specialty Industrial Machinery subindustry, ATS'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.


ATS's Receivables Turnover Distribution in the Industrial Products Industry

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

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



ATS Receivables Turnover Calculation

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

ATS's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=2240.605 / ((292.144 + 348.216) / 2 )
=2240.605 / 320.18
=7.00

ATS's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=543.726 / ((304.285 + 378.585) / 2 )
=543.726 / 341.435
=1.59

* 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.


ATS  (NYSE:ATS) 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.


ATS Receivables Turnover Related Terms

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ATS (ATS) Business Description

Traded in Other Exchanges
Address
730 Fountain Street North, Building 2, Cambridge, ON, CAN, N3H 4R7
ATS Corp is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company's products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support. The company's clients come from the life sciences, food and beverage transportation, consumer products and electronics, and energy sectors. The company generates the majority of its sales from the North American and European markets.