Knorr-Bremse AG (XTER:KBX) Receivables Turnover : 1.38 (As of Dec. 2023)

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What is Knorr-Bremse 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. Knorr-Bremse AG's Revenue for the three months ended in Dec. 2023 was €2,069 Mil. Knorr-Bremse AG's average Accounts Receivable for the three months ended in Dec. 2023 was €1,497 Mil. Hence, Knorr-Bremse AG's Receivables Turnover for the three months ended in Dec. 2023 was 1.38.

Knorr-Bremse AG Receivables Turnover Historical Data

The historical data trend for Knorr-Bremse 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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Knorr-Bremse AG Receivables Turnover Chart

Knorr-Bremse AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.81

5.38

5.66

5.56

5.87

Knorr-Bremse 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															1.32	1.28	1.22	1.18	1.38

Competitive Comparison of Knorr-Bremse AG's Receivables Turnover

For the Auto Parts subindustry, Knorr-Bremse 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.

Knorr-Bremse AG's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Knorr-Bremse AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Knorr-Bremse AG's Receivables Turnover falls into.

Knorr-Bremse AG Receivables Turnover Calculation

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

Knorr-Bremse 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 )
=	7925.613	/ (	(1343.305	+	1359.282)	/	2 )
=	7925.613	/	1351.2935
=	5.87

Knorr-Bremse 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 )
=	2069.407	/ (	(1634.862	+	1359.282)	/	2 )
=	2069.407	/	1497.072
=	1.38

Knorr-Bremse AG (XTER:KBX) 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.

Knorr-Bremse AG Receivables Turnover Related Terms

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Knorr-Bremse AG (XTER:KBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Knorr-Bremse AG (XTER:KBX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KNBHF:USA KNRRY:USA KBX:Mexico KBXd:UK

Address

Moosacher Strasse 80, Munich, BY, DEU, 80809

Website

https://www.knorr-bremse.com

Knorr-Bremse AG is engaged in the development, production, marketing, and servicing of Automotive parts. It operates its business activities in two divisions: Rail Vehicle Systems and Commercial Vehicle Systems. Its product portfolio comprises Braking, entrance, and HVAC systems; power electric and control technology; digital solutions; couplers; signal systems; pneumatic braking systems; energy supply and distribution systems; wiper and wash systems; and others. Its geographical segments are Europe/Africa, North America, South America, and Asia-Pacific.

Executives

Frank Markus Weber	Board of Directors
Dr. Nicolas Lange	Board of Directors
Marc Llistosella	Board of Directors
Bernd Spies	Board of Directors
Dr. Claudia Mayfeld	Board of Directors
Dr. Jürgen Wilder	Board of Directors
Dr. Jan Michael Mrosik	Board of Directors

Knorr-Bremse AG (XTER:KBX) Headlines

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