Johnson Matthey (Johnson Matthey) Receivables Turnover : 4.30 (As of Sep. 2023)

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What is Johnson Matthey 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. Johnson Matthey's Revenue for the six months ended in Sep. 2023 was $8,083 Mil. Johnson Matthey's average Accounts Receivable for the six months ended in Sep. 2023 was $1,880 Mil. Hence, Johnson Matthey's Receivables Turnover for the six months ended in Sep. 2023 was 4.30.

Johnson Matthey Receivables Turnover Historical Data

The historical data trend for Johnson Matthey'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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Johnson Matthey Receivables Turnover Chart

Johnson Matthey Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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9.28

11.62

11.58

10.52

10.60

Johnson Matthey Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															5.71	5.29	4.19	4.97	4.30

Competitive Comparison of Johnson Matthey's Receivables Turnover

For the Specialty Chemicals subindustry, Johnson Matthey'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.

Johnson Matthey's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Johnson Matthey's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Johnson Matthey's Receivables Turnover falls into.

Johnson Matthey Receivables Turnover Calculation

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

Johnson Matthey's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	18122.573	/ (	(1835.31	+	1582.524)	/	2 )
=	18122.573	/	1708.917
=	10.60

Johnson Matthey's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	8082.921	/ (	(1582.524	+	2176.98)	/	2 )
=	8082.921	/	1879.752
=	4.30

Johnson Matthey (OTCPK:JMPLY) 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.

Johnson Matthey Receivables Turnover Related Terms

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Johnson Matthey (Johnson Matthey) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Johnson Matthey PLC (OTCPK:JMPLY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

JMPLF:USA JMATl:UK JMAT:UK JMT2:Germany

Address

25 Farringdon Street, 5th Floor, London, GBR, EC4A 4AB

Website

https://www.matthey.com

Based in the U.K., Johnson Matthey is a global leader in production of emissions catalysts for automobiles and trucks. The company also manufactures industrial catalysts for the chemicals and oil and gas sectors, and a variety of other industrial products derived from platinum-group metals. The company is seeking to be a leader in hydrogen technologies.