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. Kontoor Brands's Revenue for the
three
months ended in Mar. 2024 was $631 Mil. Kontoor Brands's average Accounts Receivable for the
three
months ended in Mar. 2024 was $220 Mil.
Hence, Kontoor Brands's Receivables Turnover for the
three
months ended in Mar. 2024 was 2.87.
Kontoor Brands Receivables Turnover Historical Data
The historical data trend for Kontoor Brands'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 Kontoor Brands's Receivables Turnover
For the Apparel Manufacturing subindustry, Kontoor Brands'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.
Kontoor Brands's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kontoor Brands's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Kontoor Brands's Receivables Turnover falls into.
Kontoor Brands Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Kontoor Brands's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Kontoor Brands Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Kontoor Brands's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Kontoor Brands (Kontoor Brands) Business Description
Kontoor Brands Inc is a lifestyle apparel company. It is engaged in designing, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including Wrangler and Lee. It manufactures its products in owned and leased facilities and distributes the products through both brick and mortar and e-commerce retailers. It generates the majority of its revenue from the Wrangler segment. The company's geographical segments are the United States and International, of which the majority of its revenue comes from the United States.
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