Sappi (JSE:SAP) Receivables Turnover : 2.05 (As of Mar. 2024)

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What is Sappi 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. Sappi's Revenue for the three months ended in Mar. 2024 was R25,482 Mil. Sappi's average Accounts Receivable for the three months ended in Mar. 2024 was R12,419 Mil. Hence, Sappi's Receivables Turnover for the three months ended in Mar. 2024 was 2.05.

Sappi Receivables Turnover Historical Data

The historical data trend for Sappi'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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Sappi Receivables Turnover Chart

Sappi Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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9.41

9.40

9.67

11.58

9.33

Sappi 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															2.08	2.42	2.70	2.21	2.05

Competitive Comparison of Sappi's Receivables Turnover

For the Paper & Paper Products subindustry, Sappi'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.

Sappi's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Sappi's Receivables Turnover distribution charts can be found below:

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

Sappi Receivables Turnover Calculation

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

Sappi's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	110171.751	/ (	(13937.854	+	9672.507)	/	2 )
=	110171.751	/	11805.1805
=	9.33

Sappi'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 )
=	25482.226	/ (	(11813.195	+	13023.83)	/	2 )
=	25482.226	/	12418.5125
=	2.05

Sappi (JSE:SAP) 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.

Sappi Receivables Turnover Related Terms

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Sappi (JSE:SAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sappi Ltd (JSE:SAP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SPPJY:USA SPI:Germany

Address

108 Oxford Road, Rosebank, Houghton Estate, Johannesburg, GT, ZAF, 2198

Website

https://www.sappi.com

Sappi Ltd produces and sells a variety of paper and paper-related products. The products and services include Dissolving pulp, Graphic papers, Packaging and speciality papers, Casting and release papers, Biomaterials and Bio-energy. The company organizes itself into three primary segments based on geography: North America, Europe, and Southern Africa. More of the revenue comes from Europe than any other geography.