Duerr AG (XTER:DUE) Receivables Turnover : 2.11 (As of Dec. 2023)

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What is Duerr AG 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. Duerr AG's Revenue for the three months ended in Dec. 2023 was €1,328 Mil. Duerr AG's average Accounts Receivable for the three months ended in Dec. 2023 was €630 Mil. Hence, Duerr AG's Receivables Turnover for the three months ended in Dec. 2023 was 2.11.

Duerr AG Receivables Turnover Historical Data

The historical data trend for Duerr AG'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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Duerr AG Receivables Turnover Chart

Duerr AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.90

6.31

6.79

7.72

7.99

Duerr AG 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															2.24	1.83	2.07	1.96	2.11

Competitive Comparison of Duerr AG's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Duerr AG'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.

Duerr AG's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Duerr AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Duerr AG's Receivables Turnover falls into.

Duerr AG Receivables Turnover Calculation

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

Duerr AG'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 )
=	4627.334	/ (	(559.19	+	598.65)	/	2 )
=	4627.334	/	578.92
=	7.99

Duerr AG'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 )
=	1328.167	/ (	(660.75	+	598.65)	/	2 )
=	1328.167	/	629.7
=	2.11

Duerr AG (XTER:DUE) 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.

Duerr AG Receivables Turnover Related Terms

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Duerr AG (XTER:DUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Duerr AG (XTER:DUE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DURYY:USA DUERF:USA 1DUE:Italy 0J9C:UK DUE:Austria

Address

Carl-Benz-Straße 34, Bietigheim-Bissingen, BW, DEU, 74321

Website

https://www.durr-group.com

Duerr AG is engaged in mechanical and plant engineering. The company has five segments; Paint and Final Assembly Systems division plan to build, and update paint shops and final assembly lines for the automotive industry, Application Technology includes sales with technologies for the automated spray application of primers, base coats, and clear coats, Clean Technology Systems is into exhaust-air purification technology, Measuring and Process Systems offer balancing and diagnostic technology and automated refrigerant charging solutions, and Woodworking Machinery and Systems products include panel dividing and through-feed saws, CNC processing centers, drilling machines, sanders, edge banding machines, as well as handling and storage systems.

Executives

Dietmar Heinrich	Board of Directors
Dr. Jochen Weyrauch	Board of Directors
Prof. Dr. Dr. Alexandra Dürr	Supervisory Board

Duerr AG (XTER:DUE) Headlines

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