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. Valvoline's Revenue for the
three
months ended in Dec. 2023 was $373 Mil. Valvoline's average Accounts Receivable for the
three
months ended in Dec. 2023 was $65 Mil.
Hence, Valvoline's Receivables Turnover for the
three
months ended in Dec. 2023 was 5.75.
Valvoline Receivables Turnover Historical Data
The historical data trend for Valvoline'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 Valvoline's Receivables Turnover
For the Oil & Gas Refining & Marketing subindustry, Valvoline'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.
Valvoline's Receivables Turnover Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Valvoline's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Valvoline's Receivables Turnover falls into.
Valvoline Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Valvoline'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.
Valvoline Receivables Turnover Related Terms
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Valvoline Inc produces, markets, and sells automotive maintenance products, particularly lubricants, to retail outlets installers, and customers. The company offers various products such as engine oil, heavy-duty engine oil, motorcycle oil, grease and brake fluid, and others. Geographically, the majority of the revenue is generated from the United States of America.
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