ESAB (ESAB) Receivables Turnover : 1.69 (As of Mar. 2024)

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What is ESAB 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. ESAB's Revenue for the three months ended in Mar. 2024 was $690 Mil. ESAB's average Accounts Receivable for the three months ended in Mar. 2024 was $408 Mil. Hence, ESAB's Receivables Turnover for the three months ended in Mar. 2024 was 1.69.

ESAB Receivables Turnover Historical Data

The historical data trend for ESAB'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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ESAB Receivables Turnover Chart

ESAB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

5.92

6.81

6.84

7.31

ESAB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial										1.76	1.76	1.70	1.78	1.69

Competitive Comparison of ESAB's Receivables Turnover

For the Metal Fabrication subindustry, ESAB'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.

ESAB's Receivables Turnover Distribution in the Industrial Products Industry

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

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

ESAB Receivables Turnover Calculation

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

ESAB'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 )
=	2774.766	/ (	(374.329	+	385.198)	/	2 )
=	2774.766	/	379.7635
=	7.31

ESAB's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	689.744	/ (	(385.198	+	430.149)	/	2 )
=	689.744	/	407.6735
=	1.69

ESAB (NYSE:ESAB) 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.

ESAB Receivables Turnover Related Terms

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ESAB (ESAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ESAB Corp (NYSE:ESAB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

O03:Germany

Address

909 Rose Avenue, 8th Floor, North Bethesda, MD, USA, 20852

Website

https://www.esabcorporation.com

ESAB, spun off from Colfax in 2022, is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. Alongside competitors Lincoln Electric and ITW's Miller brand, ESAB is one of the top three players in the welding space. ESAB generated roughly $2.6 billion in revenue and $329 million in GAAP operating income in 2022.

Executives

Olivier Biebuyck	officer: President, EMEA	909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Shyam Kambeyanda	officer: President and CEO	2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808
Michele Campion	officer: Chief Human Resources Officer	909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Rhonda L Jordan	director	KRAFT FOODS INC, THREE LAKES DRIVE, NORTHFIELD IL 60093
Kevin J Johnson	officer: Chief Financial Officer	909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Christopher M Hix	director	2160 SATELLITE BLVD., SUITE 200, DULUTH GA 30097
Patrick W Allender	director	DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006
Rajiv Vinnakota	director	8730 STONY POINT PARKWAY, SUITE 150, RICHMOND VA 23235
John P Dion	officer: SVP, ESAB Business Excellence	909 ROSE AVE., 8TH FLOOR, NORTH BETHESDA MD 20852
Eleanor Lukens	officer: President, Americas	909 ROSE AVE., 8TH FLOOR, NORTH BETHESDA MD 20852
Mitchell P Rales	director	11790 GLEN ROAD, POTOMAC MD 20854
Curtis E Jewell	officer: SVP, General Counsel	909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Melissa Cummings	director	909 ROSE AVENUE, SUITE 800, NORTH BETHESDA MD 20852
Stephanie M Phillipps	director	C/O THE PNC FINANCIAL SERVICES GROUP, 340 MADISON AVENUE, NEW YORK NY 10173
Didier P Teirlinck	director	INGERSOLL-RAND COMPANY, 155 CHESTNUT RIDGE ROAD, MONTVALE NJ 07645