Albany International (FRA:AII) Receivables Turnover : 1.12 (As of Mar. 2024)

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What is Albany International 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. Albany International's Revenue for the three months ended in Mar. 2024 was €288 Mil. Albany International's average Accounts Receivable for the three months ended in Mar. 2024 was €257 Mil. Hence, Albany International's Receivables Turnover for the three months ended in Mar. 2024 was 1.12.

Albany International Receivables Turnover Historical Data

The historical data trend for Albany International'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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Albany International Receivables Turnover Chart

Albany International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.17

4.64

5.74

6.14

5.02

Albany International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.41	1.28	1.17	1.21	1.12

Competitive Comparison of Albany International's Receivables Turnover

For the Textile Manufacturing subindustry, Albany International'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.

Albany International's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Albany International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Albany International's Receivables Turnover falls into.

Albany International Receivables Turnover Calculation

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

Albany International'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 )
=	1052.633	/ (	(169.614	+	249.746)	/	2 )
=	1052.633	/	209.68
=	5.02

Albany International's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	288.264	/ (	(249.746	+	264.833)	/	2 )
=	288.264	/	257.2895
=	1.12

Albany International (FRA:AII) 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.

Albany International Receivables Turnover Related Terms

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Albany International (FRA:AII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Albany International Corp (FRA:AII) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AIN:USA

Address

216 Airport Drive, Rochester, NH, USA, 03867

Website

https://www.albint.com

Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has a global operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.

Albany International (FRA:AII) Headlines

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