Daimler Truck Holding AG (FRA:DTG) Receivables Turnover : 2.99 (As of Dec. 2023)

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What is Daimler Truck Holding 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. Daimler Truck Holding AG's Revenue for the three months ended in Dec. 2023 was €14,950 Mil. Daimler Truck Holding AG's average Accounts Receivable for the three months ended in Dec. 2023 was €4,994 Mil. Hence, Daimler Truck Holding AG's Receivables Turnover for the three months ended in Dec. 2023 was 2.99.

Daimler Truck Holding AG Receivables Turnover Historical Data

The historical data trend for Daimler Truck Holding 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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Daimler Truck Holding AG Receivables Turnover Chart

Daimler Truck Holding AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.87

9.54

10.71

11.96

11.38

Daimler Truck Holding AG Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											3.19	2.82	1.37	1.38	2.99

Competitive Comparison of Daimler Truck Holding AG's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Daimler Truck Holding 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.

Daimler Truck Holding AG's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Daimler Truck Holding AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Daimler Truck Holding AG's Receivables Turnover falls into.

Daimler Truck Holding AG Receivables Turnover Calculation

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

Daimler Truck Holding 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 )
=	55890	/ (	(4577	+	5245)	/	2 )
=	55890	/	4911
=	11.38

Daimler Truck Holding 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	14950	/ (	(4742	+	5245)	/	2 )
=	14950	/	4993.5
=	2.99

Daimler Truck Holding AG (FRA:DTG) 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.

Daimler Truck Holding AG Receivables Turnover Related Terms

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Daimler Truck Holding AG (FRA:DTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Daimler Truck Holding AG (FRA:DTG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DTGHF:USA DTRUY:USA DTG:Romania DTGd:UK DTG1:Germany DTG:Germany DTG:Austria

Address

Fasanenweg 10, Leinfelden-Echterdingen, BW, DEU, 70771

Website

https://www.daimlertruck.com

Daimler Truck Holding AG is a commercial vehicle manufacturer. It operates through various brands including Bharat Benz, Freightliner, Fuso, Mercedes-Benz, Setra, Thomas Built Buses, and Western Star. Its products include Trucks, Buses, and Financial Services. The Group has five reportable segments: Trucks North America, Mercedes-Benz, Trucks Asia, Daimler Buses, and Financial Services. It generates maximum revenue from the Trucks North America segment. The Trucks North America segment develops, manufactures and sells trucks under the Freightliner and Western Star brands in North America. The segment's product range also includes buses of Thomas Built Buses as well as bus chassis.

Executives

Stephan Unger	Board of Directors
Jürgen Hartwig	Board of Directors
Dr. Andreas Gorbach	Board of Directors
John O’leary	Board of Directors
Jochen Götz	Board of Directors
Karl Deppen	Board of Directors
Thomas Martin Daum	Board of Directors
Martin Daum	Board of Directors

Daimler Truck Holding AG (FRA:DTG) Headlines

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