ZIM Integrated Shipping Services (FRA:2SV) Receivables Turnover : 2.46 (As of Mar. 2024)

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What is ZIM Integrated Shipping Services 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. ZIM Integrated Shipping Services's Revenue for the three months ended in Mar. 2024 was €1,437 Mil. ZIM Integrated Shipping Services's average Accounts Receivable for the three months ended in Mar. 2024 was €585 Mil. Hence, ZIM Integrated Shipping Services's Receivables Turnover for the three months ended in Mar. 2024 was 2.46.

ZIM Integrated Shipping Services Receivables Turnover Historical Data

The historical data trend for ZIM Integrated Shipping Services'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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ZIM Integrated Shipping Services Receivables Turnover Chart

ZIM Integrated Shipping Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.58

10.70

13.39

14.15

9.42

ZIM Integrated Shipping Services Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.00	1.91	1.95	2.27	2.46

Competitive Comparison of ZIM Integrated Shipping Services's Receivables Turnover

For the Marine Shipping subindustry, ZIM Integrated Shipping Services'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.

ZIM Integrated Shipping Services's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ZIM Integrated Shipping Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ZIM Integrated Shipping Services's Receivables Turnover falls into.

ZIM Integrated Shipping Services Receivables Turnover Calculation

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

ZIM Integrated Shipping Services'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 )
=	4733.737	/ (	(633.896	+	371.293)	/	2 )
=	4733.737	/	502.5945
=	9.42

ZIM Integrated Shipping Services'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 )
=	1437.04	/ (	(371.293	+	798.56)	/	2 )
=	1437.04	/	584.9265
=	2.46

ZIM Integrated Shipping Services (FRA:2SV) 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.

ZIM Integrated Shipping Services Receivables Turnover Related Terms

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ZIM Integrated Shipping Services (FRA:2SV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZIM Integrated Shipping Services Ltd (FRA:2SV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ZIM:USA

Address

9 Andrei Sakharov Street, P.O. Box 15067, Matam, Haifa, ISR, 3190500

Website

https://www.zim.com

ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of revenue from the Pacific.

ZIM Integrated Shipping Services (FRA:2SV) Headlines

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