On Holding AG (On Holding AG) Receivables Turnover : 2.03 (As of Mar. 2024)

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What is On 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. On Holding AG's Revenue for the three months ended in Mar. 2024 was $572 Mil. On Holding AG's average Accounts Receivable for the three months ended in Mar. 2024 was $282 Mil. Hence, On Holding AG's Receivables Turnover for the three months ended in Mar. 2024 was 2.03.

On Holding AG Receivables Turnover Historical Data

The historical data trend for On 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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On Holding AG Receivables Turnover Chart

On Holding AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.45

9.55

9.48

8.89

9.77

On Holding AG Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												2.04	1.83	1.89	1.98	2.03

Competitive Comparison of On Holding AG's Receivables Turnover

For the Footwear & Accessories subindustry, On 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.

On Holding AG's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, On Holding AG's Receivables Turnover distribution charts can be found below:

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

On Holding AG Receivables Turnover Calculation

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

On 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 )
=	2072.271	/ (	(187.419	+	236.818)	/	2 )
=	2072.271	/	212.1185
=	9.77

On Holding AG'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 )
=	571.911	/ (	(236.818	+	326.469)	/	2 )
=	571.911	/	281.6435
=	2.03

On Holding AG (NYSE:ONON) 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.

On Holding AG Receivables Turnover Related Terms

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On Holding AG (On Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » On Holding AG (NYSE:ONON) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Forrlibuckstrasse 190, Zurich, CHE, 8005

Website

https://www.on-running.com

On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoe, apparel, and accessories products are designed primarily for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and rely instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from North America.