McKesson Europe AG (LTS:0OPB) Receivables Turnover : 6.58 (As of Mar. 2022)

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What is McKesson Europe 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. McKesson Europe AG's Revenue for the six months ended in Mar. 2022 was €9,257 Mil. McKesson Europe AG's average Accounts Receivable for the six months ended in Mar. 2022 was €1,406 Mil. Hence, McKesson Europe AG's Receivables Turnover for the six months ended in Mar. 2022 was 6.58.

McKesson Europe AG Receivables Turnover Historical Data

The historical data trend for McKesson Europe 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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McKesson Europe AG Receivables Turnover Chart

McKesson Europe AG Annual Data

Trend

Dec12

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Receivables Turnover

Get a 7-Day Free Trial

9.17

7.14

7.85

4.30

6.58

McKesson Europe AG Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22
Receivables Turnover	Get a 7-Day Free Trial															9.17	7.14	7.85	4.30	6.58

Competitive Comparison of McKesson Europe AG's Receivables Turnover

For the Medical Distribution subindustry, McKesson Europe 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.

McKesson Europe AG's Receivables Turnover Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, McKesson Europe AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where McKesson Europe AG's Receivables Turnover falls into.

McKesson Europe AG Receivables Turnover Calculation

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

McKesson Europe AG's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	9257.1	/ (	(1888.9	+	923.6)	/	2 )
=	9257.1	/	1406.25
=	6.58

McKesson Europe AG's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

	Receivables Turnover (Q: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2022 )	/ (	(Accounts Receivable (Q: Mar. 2021 )	+	Accounts Receivable (Q: Mar. 2022 ))	/	count )
=	9257.1	/ (	(1888.9	+	923.6)	/	2 )
=	9257.1	/	1406.25
=	6.58

McKesson Europe AG (LTS:0OPB) 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.

McKesson Europe AG Receivables Turnover Related Terms

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McKesson Europe AG (LTS:0OPB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » McKesson Europe AG (LTS:0OPB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stockholmer Platz 1, Stuttgart, BW, DEU, 70137

Website

https://www.mckesson.eu

McKesson Europe AG is a medical care company that provides logistics and services to the pharmaceutical and healthcare sectors. The company operates two distinct segments: Pharmaceutical Distribution and Retail Pharmacy. The Pharmaceutical Distribution business sells wholesale pharmaceutical products and generates the majority of the company's revenue. The Retail Pharmacy segment operates its own pharmacies in addition to franchise pharmacies that provide prescriptions and over-the-counter pharmaceutical products. Geographically, the company's revenue derives predominantly from the United Kingdom, France, Germany, and other countries.

McKesson Europe AG (LTS:0OPB) Headlines

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