Sensient Technologies (FRA:SSF) Receivables Turnover : 1.35 (As of Mar. 2024)

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What is Sensient Technologies 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. Sensient Technologies's Revenue for the three months ended in Mar. 2024 was €354 Mil. Sensient Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was €262 Mil. Hence, Sensient Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 1.35.

Sensient Technologies Receivables Turnover Historical Data

The historical data trend for Sensient Technologies'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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Sensient Technologies Receivables Turnover Chart

Sensient Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.72

5.70

5.77

5.26

4.99

Sensient Technologies 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															1.19	1.21	1.25	1.24	1.35

Competitive Comparison of Sensient Technologies's Receivables Turnover

For the Specialty Chemicals subindustry, Sensient Technologies'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.

Sensient Technologies's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sensient Technologies's Receivables Turnover distribution charts can be found below:

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

Sensient Technologies Receivables Turnover Calculation

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

Sensient Technologies'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 )
=	1335.565	/ (	(285.191	+	249.574)	/	2 )
=	1335.565	/	267.3825
=	4.99

Sensient Technologies'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 )
=	353.896	/ (	(249.574	+	274.609)	/	2 )
=	353.896	/	262.0915
=	1.35

Sensient Technologies (FRA:SSF) 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.

Sensient Technologies Receivables Turnover Related Terms

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Sensient Technologies (FRA:SSF) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sensient Technologies Corp (FRA:SSF) » Definitions » Receivables Turnover

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SXT:USA

Address

777 East Wisconsin Avenue, Milwaukee, WI, USA, 53202-5304

Website

https://www.sensient.com

Sensient Technologies Corp manufactures and markets natural and synthetic colors, flavors, and other specialty ingredients. The company has a widespread network of facilities around the globe, and its customers operate across a variety of end markets. Sensient's offerings are predominantly applied to consumer-facing products, including food and beverage, cosmetics and pharmaceuticals, nutraceutical and personal care industries. The Company's principal products are flavors, flavor enhancers, ingredients, extracts, and bionutrients, essential oils, dehydrated vegetables and other food ingredients, natural and synthetic food and beverage colors and others. The company's three reportable segments were the Flavors & Extracts Group and the Color Group and, Asia Pacific Group.

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