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. Kimball Electronics's Revenue for the
three
months ended in Mar. 2024 was $425 Mil. Kimball Electronics's average Accounts Receivable for the
three
months ended in Mar. 2024 was $294 Mil.
Hence, Kimball Electronics's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.45.
Kimball Electronics Receivables Turnover Historical Data
The historical data trend for Kimball Electronics'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.
Competitive Comparison of Kimball Electronics's Receivables Turnover
For the Electrical Equipment & Parts subindustry, Kimball Electronics'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.
Kimball Electronics's Receivables Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kimball Electronics's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Kimball Electronics's Receivables Turnover falls into.
* 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.
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.
Kimball Electronics Receivables Turnover Related Terms
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Kimball Electronics (Kimball Electronics) Business Description
Kimball Electronics Inc is a contract electronic manufacturing services company. The company is engaged in producing durable electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services utilize common production and support capabilities. It is also engaged in producing safety-critical electronic assemblies for its automotive customers. Geographically, it derives a majority of revenue from the United States.
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