Carpenter Technology (STU:XTY) Receivables Turnover : 1.33 (As of Mar. 2024)

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What is Carpenter Technology 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. Carpenter Technology's Revenue for the three months ended in Mar. 2024 was €630 Mil. Carpenter Technology's average Accounts Receivable for the three months ended in Mar. 2024 was €473 Mil. Hence, Carpenter Technology's Receivables Turnover for the three months ended in Mar. 2024 was 1.33.

Carpenter Technology Receivables Turnover Historical Data

The historical data trend for Carpenter Technology'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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Carpenter Technology Receivables Turnover Chart

Carpenter Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.35

6.46

4.75

5.62

5.53

Carpenter Technology 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															1.43	1.44	1.26	1.21	1.33

Competitive Comparison of Carpenter Technology's Receivables Turnover

For the Metal Fabrication subindustry, Carpenter Technology'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.

Carpenter Technology's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Carpenter Technology's Receivables Turnover distribution charts can be found below:

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

Carpenter Technology Receivables Turnover Calculation

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

Carpenter Technology's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	2353.927	/ (	(361.656	+	490.39)	/	2 )
=	2353.927	/	426.023
=	5.53

Carpenter Technology'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 )
=	630.108	/ (	(466.203	+	479.504)	/	2 )
=	630.108	/	472.8535
=	1.33

Carpenter Technology (STU:XTY) 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.

Carpenter Technology Receivables Turnover Related Terms

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Carpenter Technology (STU:XTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Carpenter Technology Corp (STU:XTY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CRS:USA XTY:Germany

Address

1735 Market Street, 15th Floor, Philadelphia, PA, USA, 19103

Website

https://www.carpentertechnology.com

Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's segment includes Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama.

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