Jenoptik AG (XTER:JEN) Receivables Turnover : 1.88 (As of Mar. 2024)

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What is Jenoptik 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. Jenoptik AG's Revenue for the three months ended in Mar. 2024 was €256 Mil. Jenoptik AG's average Accounts Receivable for the three months ended in Mar. 2024 was €136 Mil. Hence, Jenoptik AG's Receivables Turnover for the three months ended in Mar. 2024 was 1.88.

Jenoptik AG Receivables Turnover Historical Data

The historical data trend for Jenoptik 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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Jenoptik AG Receivables Turnover Chart

Jenoptik AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.38

4.48

5.81

7.57

7.53

Jenoptik AG 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															1.83	2.22	2.10	2.22	1.88

Competitive Comparison of Jenoptik AG's Receivables Turnover

For the Electronic Components subindustry, Jenoptik 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.

Jenoptik AG's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jenoptik AG's Receivables Turnover distribution charts can be found below:

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

Jenoptik AG Receivables Turnover Calculation

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

Jenoptik 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 )
=	1066.048	/ (	(138.769	+	144.239)	/	2 )
=	1066.048	/	141.504
=	7.53

Jenoptik 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 )
=	256.148	/ (	(144.239	+	127.774)	/	2 )
=	256.148	/	136.0065
=	1.88

Jenoptik AG (XTER:JEN) 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.

Jenoptik AG Receivables Turnover Related Terms

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Jenoptik AG (XTER:JEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jenoptik AG (XTER:JEN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

JNPKF:USA 1JEN:Italy 0ZPV:UK JEN:Austria

Address

Carl-Zeiss-Strasse 1, Jena, DEU, 07743

Website

https://www.jenoptik.com

Jenoptik AG is a Germany-based company that manufactures and distributes optical technology products to the semiconductor equipment, automotive, medical technology, defense, security, and aviation industries. Its products include optoelectronic systems, power supply, and drive systems, industrial metrology, camera and camera modules, laser technology, light-emitting diode technology, aviation systems, and traffic safety systems. The firm has manufacturing facilities in Europe, the United States, and Asia, and generates revenue all over the world.

Executives

Dr. Stefan Traeger	Board of Directors
Dr. Ralf Kuschnereit	Board of Directors

Jenoptik AG (XTER:JEN) Headlines

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