Henkel AG KGaA (XTER:HEN3) Receivables Turnover : 2.91 (As of Dec. 2023)

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What is Henkel AG KGaA 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. Henkel AG KGaA's Revenue for the six months ended in Dec. 2023 was €10,588 Mil. Henkel AG KGaA's average Accounts Receivable for the six months ended in Dec. 2023 was €3,645 Mil. Hence, Henkel AG KGaA's Receivables Turnover for the six months ended in Dec. 2023 was 2.91.

Henkel AG KGaA Receivables Turnover Historical Data

The historical data trend for Henkel AG KGaA'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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Henkel AG KGaA Receivables Turnover Chart

Henkel AG KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.73

5.90

6.12

6.41

6.14

Henkel AG KGaA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.88	2.95	3.07	2.97	2.91

Competitive Comparison of Henkel AG KGaA's Receivables Turnover

For the Household & Personal Products subindustry, Henkel AG KGaA'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.

Henkel AG KGaA's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Henkel AG KGaA's Receivables Turnover distribution charts can be found below:

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

Henkel AG KGaA Receivables Turnover Calculation

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

Henkel AG KGaA'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 )
=	21514	/ (	(3535	+	3471)	/	2 )
=	21514	/	3503
=	6.14

Henkel AG KGaA'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	10588	/ (	(3818	+	3471)	/	2 )
=	10588	/	3644.5
=	2.91

Henkel AG KGaA (XTER:HEN3) 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.

Henkel AG KGaA Receivables Turnover Related Terms

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Henkel AG KGaA (XTER:HEN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Henkel AG & Co KGaA (XTER:HEN3) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HENOY:USA HENOF:USA HENKY:USA 1HEN:Italy HEN3:Italy HEN3d:UK 0IZC:UK 0IZ8:UK HEN:Austria

Address

Henkelstrasse 67, Duesseldorf, NW, DEU, 40589

Website

https://www.henkel.com

Two distinct customer groups constitute Henkel. The consumer segment (around 50% of consolidated 2022 sales) is laundry and home care, including the Persil and Purex laundry detergent brands, and beauty care, including the Schwarzkopf brand in hair care and the Dial brand in hand soap. The adhesives technologies segment makes up the remaining 50% of sales. Sales from Europe accounted for 42% of the firm's consolidated total in 2022, while Asia-Pacific and North America accounted for 17% and 27%, respectively.

Executives

Wolfgang König	Board of Directors
Mark Dorn	Board of Directors

Henkel AG KGaA (XTER:HEN3) Headlines

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