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. RTX's Revenue for the
three
months ended in Mar. 2024 was $19,305 Mil. RTX's average Accounts Receivable for the
three
months ended in Mar. 2024 was $10,559 Mil.
Hence, RTX's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.83.
RTX Receivables Turnover Historical Data
The historical data trend for RTX'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 RTX's Receivables Turnover
For the Aerospace & Defense subindustry, RTX'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.
RTX's Receivables Turnover Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, RTX's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where RTX's Receivables Turnover falls into.
RTX Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
RTX's Receivables Turnover for the fiscal year that ended in Dec. 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.
RTX (NYSE:RTX) 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.
RTX Receivables Turnover Related Terms
Thank you for viewing the detailed overview of RTX's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
RTX is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace manufacturers and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, an aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.
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