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. Steelcase's Revenue for the
three
months ended in Feb. 2024 was $775 Mil. Steelcase's average Accounts Receivable for the
three
months ended in Feb. 2024 was $346 Mil.
Hence, Steelcase's Receivables Turnover for the
three
months ended in Feb. 2024 was 2.24.
Steelcase Receivables Turnover Historical Data
The historical data trend for Steelcase'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 Steelcase's Receivables Turnover
For the Business Equipment & Supplies subindustry, Steelcase'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.
Steelcase's Receivables Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Steelcase's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Steelcase's Receivables Turnover falls into.
Steelcase Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Steelcase's Receivables Turnover for the fiscal year that ended in Feb. 2024 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.
Steelcase Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Steelcase's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions. Majority of revenue is generated from Americas segment.
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