Pactiv Evergreen (FRA:PEG) Receivables Turnover : 2.78 (As of Mar. 2024)

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What is Pactiv Evergreen 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. Pactiv Evergreen's Revenue for the three months ended in Mar. 2024 was €1,152 Mil. Pactiv Evergreen's average Accounts Receivable for the three months ended in Mar. 2024 was €414 Mil. Hence, Pactiv Evergreen's Receivables Turnover for the three months ended in Mar. 2024 was 2.78.

Pactiv Evergreen Receivables Turnover Historical Data

The historical data trend for Pactiv Evergreen'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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Pactiv Evergreen Receivables Turnover Chart

Pactiv Evergreen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.11

10.88

13.22

13.94

12.42

Pactiv Evergreen Quarterly Data
	Jun19	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															3.06	2.98	2.96	2.81	2.78

Competitive Comparison of Pactiv Evergreen's Receivables Turnover

For the Packaging & Containers subindustry, Pactiv Evergreen'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.

Pactiv Evergreen's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Pactiv Evergreen's Receivables Turnover distribution charts can be found below:

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

Pactiv Evergreen Receivables Turnover Calculation

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

Pactiv Evergreen'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 )
=	5052.67	/ (	(422.912	+	390.642)	/	2 )
=	5052.67	/	406.777
=	12.42

Pactiv Evergreen'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 )
=	1151.84	/ (	(390.642	+	437)	/	2 )
=	1151.84	/	413.821
=	2.78

Pactiv Evergreen (FRA:PEG) 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.

Pactiv Evergreen Receivables Turnover Related Terms

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Pactiv Evergreen (FRA:PEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pactiv Evergreen Inc (FRA:PEG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PTVE:USA PEG:Germany

Address

1900 West Field Court, Lake Forest, IL, USA, 60045

Website

https://www.pactivevergreen.com

Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh foodservice and food merchandising products and fresh beverage cartons. It operates in three segments: Foodservice, Food Merchandising, and Beverage Merchandising. These segments manufacture a broad range of products such as food containers, drinkware, tableware, service ware, ready-to-eat food containers, clear rigid-display containers, trays for meat and poultry, molded fiber egg cartons, printed cartons, spouts & filling machines, and other products. The company's geographical segments are the United States, the Rest of North America, and Others, of which the vast majority of its revenue comes from the United States.