Phoenix Mecano AG (XSWX:PMN) Receivables Turnover : 2.85 (As of Dec. 2023)

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What is Phoenix Mecano 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. Phoenix Mecano AG's Revenue for the six months ended in Dec. 2023 was CHF349.6 Mil. Phoenix Mecano AG's average Accounts Receivable for the six months ended in Dec. 2023 was CHF122.6 Mil. Hence, Phoenix Mecano AG's Receivables Turnover for the six months ended in Dec. 2023 was 2.85.

Phoenix Mecano AG Receivables Turnover Historical Data

The historical data trend for Phoenix Mecano 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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Phoenix Mecano AG Receivables Turnover Chart

Phoenix Mecano AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.50

5.49

5.80

6.14

6.65

Phoenix Mecano AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.63	3.01	3.15	3.33	2.85

Competitive Comparison of Phoenix Mecano AG's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Phoenix Mecano 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.

Phoenix Mecano AG's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Phoenix Mecano AG's Receivables Turnover falls into.

Phoenix Mecano AG Receivables Turnover Calculation

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

Phoenix Mecano 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 )
=	731.346	/ (	(106.064	+	113.957)	/	2 )
=	731.346	/	110.0105
=	6.65

Phoenix Mecano AG's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	349.59	/ (	(131.304	+	113.957)	/	2 )
=	349.59	/	122.6305
=	2.85

Phoenix Mecano AG (XSWX:PMN) 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.

Phoenix Mecano AG Receivables Turnover Related Terms

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Phoenix Mecano AG (XSWX:PMN) Business Description

Industry

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Traded in Other Exchanges

PMNE:Switzerland

Address

Hofwisenstrasse 6, Stein am Rhein, CHE, CH-8260

Website

https://www.phoenix-mecano.com

Phoenix Mecano AG is a technology company that manufactures and develops enclosures, mechanical components, and electronic components (ELCOM). It has three operating segments. Enclosures Systems are made of aluminium, plastic and glass-fibre reinforced polyester, machine control boards and suspension systems for protecting electronics; Industrial Components segment includes Aluminium profiles, pipe connection systems, conveyor components, linear units, electric cylinders, lifting columns, switches, plug connectors, and others; DewertOkin Technology Group includes fittings technology for industry and electrically adjustable furniture for the home and hospital care sectors. Geographically, it has operations in Switzerland, Germany, the UK, France, Italy, the Netherlands, and other areas.