GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Sealed Air Corp (STU:SDA) » Definitions » Receivables Turnover

Sealed Air (STU:SDA) Receivables Turnover : 2.95 (As of Mar. 2024)


View and export this data going back to 1979. Start your Free Trial

What is Sealed Air 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. Sealed Air's Revenue for the three months ended in Mar. 2024 was €1,223 Mil. Sealed Air's average Accounts Receivable for the three months ended in Mar. 2024 was €415 Mil. Hence, Sealed Air's Receivables Turnover for the three months ended in Mar. 2024 was 2.95.


Sealed Air Receivables Turnover Historical Data

The historical data trend for Sealed Air'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.

* Premium members only.

Sealed Air Receivables Turnover Chart

Sealed Air Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.40 8.53 9.86 9.61 10.43

Sealed Air 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.50 2.89 2.94 2.95 2.95

Competitive Comparison of Sealed Air's Receivables Turnover

For the Packaging & Containers subindustry, Sealed Air'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.


Sealed Air's Receivables Turnover Distribution in the Packaging & Containers Industry

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

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



Sealed Air Receivables Turnover Calculation

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

Sealed Air'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 )
=5033.321 / ((559.226 + 405.864) / 2 )
=5033.321 / 482.545
=10.43

Sealed Air'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 )
=1223.232 / ((405.864 + 424.58) / 2 )
=1223.232 / 415.222
=2.95

* 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.


Sealed Air  (STU:SDA) 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.


Sealed Air Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Sealed Air's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Sealed Air (STU:SDA) Business Description

Traded in Other Exchanges
Address
2415 Cascade Pointe Boulevard, Charlotte, NC, USA, 28208
Sealed Air is organized via two reporting segments. Food care includes food packaging products like Cryovac, Darfresh, and OptiDure aimed primarily at meats. Product care includes Sealed Air's Bubble Wrap, Instapak, Jiffy mailers, and shrink film packaging systems that cater to industrial and e-commerce applications.