Advantage Solutions (FRA:6CPA) Receivables Turnover : 1.30 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Advantage Solutions 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. Advantage Solutions's Revenue for the three months ended in Mar. 2024 was €809 Mil. Advantage Solutions's average Accounts Receivable for the three months ended in Mar. 2024 was €621 Mil. Hence, Advantage Solutions's Receivables Turnover for the three months ended in Mar. 2024 was 1.30.

Advantage Solutions Receivables Turnover Historical Data

The historical data trend for Advantage Solutions'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.

Advantage Solutions Receivables Turnover Chart

Advantage Solutions Annual Data

Trend

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.53

4.77

5.41

5.01

5.29

Advantage Solutions Quarterly Data
	Mar17	Dec18	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															1.13	1.28	1.34	1.39	1.30

Competitive Comparison of Advantage Solutions's Receivables Turnover

For the Advertising Agencies subindustry, Advantage Solutions'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.

Advantage Solutions's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Advantage Solutions's Receivables Turnover distribution charts can be found below:

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

Advantage Solutions Receivables Turnover Calculation

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

Advantage Solutions'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 )
=	3874.184	/ (	(820.336	+	644.882)	/	2 )
=	3874.184	/	732.609
=	5.29

Advantage Solutions'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 )
=	808.683	/ (	(644.882	+	597.466)	/	2 )
=	808.683	/	621.174
=	1.30

Advantage Solutions (FRA:6CPA) 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.

Advantage Solutions Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Advantage Solutions's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Advantage Solutions (FRA:6CPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Advantage Solutions Inc (FRA:6CPA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ADV:USA

Address

15310 Barranca Parkway, Suite 100, Irvine, CA, USA, 92618

Website

https://www.advantagesolutions.net

Advantage Solutions Inc is the provider of outsourced sales and marketing solutions to consumer goods companies and retailers. It has a technology-enabled platform of sales and marketing services like headquarter sales, retail merchandising, in-store sampling, digital commerce, and shopper marketing. For brands and retailers of all sizes, the firm helps to get the right products on the shelf and into the hands of consumers. The company helps its clients to sell more while spending less. Advantage has offices throughout North America and strategic investments in select markets throughout Africa, Asia, Australia, and Europe through which it services the global needs of multinational, regional, and local manufacturers. Its services are provided across two segments sales and marketing.

Advantage Solutions (FRA:6CPA) Headlines

No Headlines