Koninklijke Philips NV (XAMS:PHIA) Receivables Turnover : 1.36 (As of Dec. 2023)

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What is Koninklijke Philips NV 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. Koninklijke Philips NV's Revenue for the three months ended in Dec. 2023 was €5,062 Mil. Koninklijke Philips NV's average Accounts Receivable for the three months ended in Dec. 2023 was €3,733 Mil. Hence, Koninklijke Philips NV's Receivables Turnover for the three months ended in Dec. 2023 was 1.36.

Koninklijke Philips NV Receivables Turnover Historical Data

The historical data trend for Koninklijke Philips NV'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.

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Koninklijke Philips NV Receivables Turnover Chart

Koninklijke Philips NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.10

4.08

4.58

4.82

4.80

Koninklijke Philips NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.41	1.09	1.23	1.23	1.36

Competitive Comparison of Koninklijke Philips NV's Receivables Turnover

For the Medical Devices subindustry, Koninklijke Philips NV'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.

Koninklijke Philips NV's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Koninklijke Philips NV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Koninklijke Philips NV's Receivables Turnover falls into.

Koninklijke Philips NV Receivables Turnover Calculation

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

Koninklijke Philips NV's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	18169	/ (	(3832	+	3733)	/	2 )
=	18169	/	3782.5
=	4.80

Koninklijke Philips NV's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	5062	/ (	(0	+	3733)	/	1 )
=	5062	/	3733
=	1.36

Koninklijke Philips NV (XAMS:PHIA) 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.

Koninklijke Philips NV Receivables Turnover Related Terms

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Koninklijke Philips NV (XAMS:PHIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Koninklijke Philips NV (XAMS:PHIA) » Definitions » Receivables Turnover

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Traded in Other Exchanges

RYLPF:USA PHG:USA PHIA:Italy 0A2M:UK PHIAa:UK 0LNG:UK PHI1:Germany PHGN34:Brazil PHIA:Austria

Address

Philips Center, Amstelplein 2, Amsterdam, NLD, 1096 BC

Website

https://www.philips.com

Philips is a diversified global healthcare company operating in three segments: diagnosis and treatment, connected care, and personal health. Around 50% of the company's revenue comes from the diagnosis and treatment segment, which features imaging systems, ultrasound equipment, image-guided therapy solutions and healthcare informatics. The connected care segment (around 30% of revenue) encompasses monitoring and analytics systems for hospitals and sleep and respiratory care devices, whereas the personal health business (remainder of revenue) includes electric toothbrushes and men's grooming and personal-care products.

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