Olympic Steel (FRA:OYS) Receivables Turnover : 2.60 (As of Mar. 2024)

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What is Olympic Steel 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. Olympic Steel's Revenue for the three months ended in Mar. 2024 was €485 Mil. Olympic Steel's average Accounts Receivable for the three months ended in Mar. 2024 was €186 Mil. Hence, Olympic Steel's Receivables Turnover for the three months ended in Mar. 2024 was 2.60.

Olympic Steel Receivables Turnover Historical Data

The historical data trend for Olympic Steel'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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Olympic Steel Receivables Turnover Chart

Olympic Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.36

8.29

10.87

10.52

10.34

Olympic Steel 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															2.50	2.43	2.33	2.31	2.60

Competitive Comparison of Olympic Steel's Receivables Turnover

For the Steel subindustry, Olympic Steel'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.

Olympic Steel's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Olympic Steel's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Olympic Steel's Receivables Turnover falls into.

Olympic Steel Receivables Turnover Calculation

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

Olympic Steel'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 )
=	1979.035	/ (	(207.481	+	175.284)	/	2 )
=	1979.035	/	191.3825
=	10.34

Olympic Steel'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 )
=	484.511	/ (	(175.284	+	197.573)	/	2 )
=	484.511	/	186.4285
=	2.60

Olympic Steel (FRA:OYS) 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.

Olympic Steel Receivables Turnover Related Terms

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Olympic Steel (FRA:OYS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Olympic Steel Inc (FRA:OYS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ZEUS:USA OYS:Germany

Address

22901 Millcreek Boulevard, Suite 650, Highland Hills, OH, USA, 44122

Website

https://www.olysteel.com

Olympic Steel Inc provides metals processing and distribution services in the United States. The company operates in three reportable segments; specialty metals flat products, carbon flat products, and tubular and pipe products. It specializes in the processing and distribution of large volumes of carbon, aluminum, and stainless steel flat-rolled sheet, coils, plates, bars, and fabricated parts. The group serves various industries such as industrial machinery and equipment manufacturers, automobile manufacturers and suppliers, and transportation equipment manufacturers. The company generates majority of the revenue from carbon flat products.

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