Altri SGPS (XLIS:ALTR) Receivables Turnover : 1.75 (As of Dec. 2023)

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What is Altri SGPS 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. Altri SGPS's Revenue for the three months ended in Dec. 2023 was €176.8 Mil. Altri SGPS's average Accounts Receivable for the three months ended in Dec. 2023 was €101.1 Mil. Hence, Altri SGPS's Receivables Turnover for the three months ended in Dec. 2023 was 1.75.

Altri SGPS Receivables Turnover Historical Data

The historical data trend for Altri SGPS'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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Altri SGPS Receivables Turnover Chart

Altri SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.19

7.68

9.54

8.95

6.41

Altri SGPS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.75	1.71	1.53	1.53	1.75

Competitive Comparison of Altri SGPS's Receivables Turnover

For the Paper & Paper Products subindustry, Altri SGPS'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.

Altri SGPS's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Altri SGPS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Altri SGPS's Receivables Turnover falls into.

Altri SGPS Receivables Turnover Calculation

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

Altri SGPS'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 )
=	752.427	/ (	(134.58	+	100.163)	/	2 )
=	752.427	/	117.3715
=	6.41

Altri SGPS'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 )
=	176.783	/ (	(101.97	+	100.163)	/	2 )
=	176.783	/	101.0665
=	1.75

Altri SGPS (XLIS:ALTR) 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.

Altri SGPS Receivables Turnover Related Terms

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Altri SGPS (XLIS:ALTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Altri SGPS SA (XLIS:ALTR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

0DJV:UK ACJ:Germany

Address

Rua Manuel Pinto de Azevedo, 818, Porto, PRT, 4100-320

Website

https://www.altri.pt

Altri SGPS SA manages forests and produces and sells pulp. The company owns and manages eucalyptus forests throughout Portugal and harvests timber. The timber is transported to the firm's mills, where it produces pulp for sale to paper manufacturers. Around half of the company's pulp is sold to tissue paper producers, while other main end products include writing and printing paper, and soluble paste, which is used in the production of textiles. It also generates and sells electricity from biomass. The majority of revenue comes from Europe.