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Swiss Steel Holding AG (XSWX:STLN) Receivables Turnover : 2.99 (As of Dec. 2023)


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What is Swiss Steel 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. Swiss Steel Holding AG's Revenue for the six months ended in Dec. 2023 was CHF1,308 Mil. Swiss Steel Holding AG's average Accounts Receivable for the six months ended in Dec. 2023 was CHF437 Mil. Hence, Swiss Steel Holding AG's Receivables Turnover for the six months ended in Dec. 2023 was 2.99.

Swiss Steel Holding AG Receivables Turnover Historical Data

The historical data trend for Swiss Steel 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.

* Premium members only.

Swiss Steel Holding AG Receivables Turnover Chart

Swiss Steel Holding AG 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 6.89 6.34 7.60 8.09 7.34

Swiss Steel Holding 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 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 3.09 3.63 3.13 3.55 2.99

Competitive Comparison of Swiss Steel Holding AG's Receivables Turnover

For the Steel subindustry, Swiss Steel 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.

Swiss Steel Holding AG's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Swiss Steel Holding AG's Receivables Turnover distribution charts can be found below:

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


Swiss Steel Holding AG Receivables Turnover Calculation

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

Swiss Steel 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 )
=3059.525 / ((490.176 + 343.562) / 2 )
=3059.525 / 416.869
=7.34

Swiss Steel Holding 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 )
=1307.951 / ((530.387 + 343.562) / 2 )
=1307.951 / 436.9745
=2.99

* 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.

Swiss Steel Holding AG  (XSWX:STLN) 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.

Swiss Steel Holding AG Receivables Turnover Related Terms

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Swiss Steel Holding AG (XSWX:STLN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Swiss Steel Holding AG (XSWX:STLN) » Definitions » Receivables Turnover
Comparable Companies
XSWX:ZWM NUE BOM:500228 XKRX:005490 STLD NSE:TATASTEEL XAMS:MT TSE:5401 SHSE:600019 RS MIC:CHMF TPE:2002 CLF TSE:5411 SZSE:000708 BOM:532286 SHSE:600010 X TX JSE:KIO
Traded in Other Exchanges
STLNz:UK
Address
Landenbergstrasse 11, Lucerne, CHE, 6005
Website
https://www.swisssteel-group.com
Swiss Steel Holding AG is a manufacturer, processor, and distributor of long steel products. The company operates through two segments, Production and Sales and services. Its products include quality steel, tool steel, bright steel, and special materials, etc. The company also offers service, which includes technical service, prefabrication, and timely delivery service. It generates maximum revenue from the Production segment. The company derives the majority of its revenues from Germany.

Swiss Steel Holding AG (XSWX:STLN) Headlines

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