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VOXX International (VOXX International) Receivables Turnover : 1.76 (As of Nov. 2023)


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What is VOXX International 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. VOXX International's Revenue for the three months ended in Nov. 2023 was $135.3 Mil. VOXX International's average Accounts Receivable for the three months ended in Nov. 2023 was $76.9 Mil. Hence, VOXX International's Receivables Turnover for the three months ended in Nov. 2023 was 1.76.


VOXX International Receivables Turnover Historical Data

The historical data trend for VOXX International'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.

VOXX International Receivables Turnover Chart

VOXX International Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.78 5.52 6.41 6.01 5.67

VOXX International Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 1.66 1.56 1.51 1.78 1.76

Competitive Comparison of VOXX International's Receivables Turnover

For the Consumer Electronics subindustry, VOXX International'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.


VOXX International's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where VOXX International's Receivables Turnover falls into.



VOXX International Receivables Turnover Calculation

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

VOXX International's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

Receivables Turnover (A: Feb. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2023 ) / ((Accounts Receivable (A: Feb. 2022 ) + Accounts Receivable (A: Feb. 2023 )) / count )
=534.014 / ((105.625 + 82.753) / 2 )
=534.014 / 94.189
=5.67

VOXX International's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

Receivables Turnover (Q: Nov. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Nov. 2023 ) / ((Accounts Receivable (Q: Aug. 2023 ) + Accounts Receivable (Q: Nov. 2023 )) / count )
=135.26 / ((62.184 + 91.631) / 2 )
=135.26 / 76.9075
=1.76

* 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.


VOXX International  (NAS:VOXX) 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.


VOXX International Receivables Turnover Related Terms

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VOXX International (VOXX International) Business Description

Traded in Other Exchanges
Address
2351 J. Lawson Boulevard, Orlando, FL, USA, 32824
VOXX International Corp manufacturer and distributor in the Automotive Electronics, Consumer Electronics, and Biometrics industries. The consumer electronic products primarily consist of finished goods sold to retail and commercial customers, consisting of premium audio and other consumer electronic products. Automotive products, some of which are manufactured by the Company, are sold both to OEM and aftermarket customers. Biometric products, primarily consisting of finished goods, are sold to retail and commercial customers.
Executives
Beat Kahli 10 percent owner AVALON GROUP INTERNATIONAL, LLC, 3801 AVALON PARK EAST BLVD., STE 400, ORLANDO FL 32828
Steven R Downing director 14814 CREEK EDGE DRIVE, HOLLAND MI 49424
Peter A Lesser director C/O AUDIOVOX CORP, 180 MARCUS BLVD., HAUPPAUGE NY 11788-0518
Patrick M Lavelle director, officer: Senior Vice President 150 MARCUS BLVD, PO BOX 18000, HAUPPAUGE NY 11788
John J Shalam director, 10 percent owner, officer: President and C.E.O. 180 MARCUS BLVD, PO BOX 12427, HAUPPAGE NY 11788-0518
Holding Ag Kahli 10 percent owner RIESBACHSTRASSE 57, ZURICH V8 8008
Edward David Mas officer: President Voxx Automotive Corp C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BOULEVARD, HAUPPAUGE NY 11788
John Jr Adamovich director 180 MARCUS BLVD, C/O VOXX INTERNATIONAL CORPORATION, HAUPPAUGE NY 11788
Kreuch Paul C Jr director C/O 180 MARCUS BLVD., PO BOX 12427, HAUPPAUGE NY 11788-0518
Ari Shalam director C/O AUDIOVOX CORP, 150 MARCUS BLVD, HAUPPAUGE NY 11788
Denise W. Gibson director 140 SCHOOL STREET, LIBERTYVILLE IL 60048
Oscar Leonard Bernardo officer: COO Klipsch Group Inc. C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BLVD, HAUPPAUGE NY 11788
Ian Sebastian Geise officer: President Voxx Accessories C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BLVD, HAUPPAUGE NY 11788
Michael F Klipsch officer: Pres. Global Operations of KGI 180 MARCUS BOULEVARD, C/O AUDIOVOX CORPORATION, HAUPPAUGE X1 11788
Ludwig Geis officer: CEO VOXX Hirschmann Corp STUTTGARTER STRASSE 45 - 51, NECKARTENZLINGEN 2M 72654

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