Treatt (LSE:TET) Receivables Turnover : 2.11 (As of Mar. 2024)

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What is Treatt 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. Treatt's Revenue for the six months ended in Mar. 2024 was £72.1 Mil. Treatt's average Accounts Receivable for the six months ended in Mar. 2024 was £34.2 Mil. Hence, Treatt's Receivables Turnover for the six months ended in Mar. 2024 was 2.11.

Treatt Receivables Turnover Historical Data

The historical data trend for Treatt'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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Treatt Receivables Turnover Chart

Treatt Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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4.89

5.00

5.44

4.81

4.48

Treatt Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.38	2.21	2.23	2.22	2.11

Competitive Comparison of Treatt's Receivables Turnover

For the Specialty Chemicals subindustry, Treatt'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.

Treatt's Receivables Turnover Distribution in the Chemicals Industry

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

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

Treatt Receivables Turnover Calculation

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

Treatt's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	147.397	/ (	(34.727	+	31.114)	/	2 )
=	147.397	/	32.9205
=	4.48

Treatt'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	72.1	/ (	(31.114	+	37.369)	/	2 )
=	72.1	/	34.2415
=	2.11

Treatt (LSE:TET) 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.

Treatt Receivables Turnover Related Terms

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Treatt (LSE:TET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Treatt PLC (LSE:TET) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TTTRF:USA TETl:UK 5TT:Germany

Address

Skyliner Way, Bury St. Edmunds, Suffolk, GBR, IP32 7FR

Website

https://www.treatt.com

Treatt PLC operates in the fragrance and FMCG industries. It is engaged in the manufacturing and supply of ingredient solutions for the flavor, fragrance, and FMCG markets. The company offers natural extracts and ingredients across a range of product categories: citrus, tea, coffee, health & wellness, fruit & vegetables, herbs, spices & florals, and high impact & aroma chemicals. Geographically, the company generates revenue from United Kingdom, Germany, Ireland, USA, China and other regions. Majority of the revenue for the company is generated from its business in USA.

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