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. Atkore's Revenue for the
three
months ended in Dec. 2023 was $798 Mil. Atkore's average Accounts Receivable for the
three
months ended in Dec. 2023 was $539 Mil.
Hence, Atkore's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.48.
Atkore Receivables Turnover Historical Data
The historical data trend for Atkore'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.
Competitive Comparison of Atkore's Receivables Turnover
For the Electrical Equipment & Parts subindustry, Atkore'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.
Atkore's Receivables Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Atkore's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Atkore's Receivables Turnover falls into.
Atkore Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Atkore's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
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.
Atkore Receivables Turnover Related Terms
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Atkore Inc is a diversified industrials company and a manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.
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