Symrise AG (LTS:0G6T) Receivables Turnover : 2.54 (As of Dec. 2023)

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What is Symrise AG 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. Symrise AG's Revenue for the six months ended in Dec. 2023 was €2,316 Mil. Symrise AG's average Accounts Receivable for the six months ended in Dec. 2023 was €911 Mil. Hence, Symrise AG's Receivables Turnover for the six months ended in Dec. 2023 was 2.54.

Symrise AG Receivables Turnover Historical Data

The historical data trend for Symrise AG'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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Symrise AG Receivables Turnover Chart

Symrise AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.48

5.64

5.75

5.82

5.49

Symrise AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.56	2.71	2.63	2.67	2.54

Competitive Comparison of Symrise AG's Receivables Turnover

For the Specialty Chemicals subindustry, Symrise AG'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.

Symrise AG's Receivables Turnover Distribution in the Chemicals Industry

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

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

Symrise AG Receivables Turnover Calculation

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

Symrise AG'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 )
=	4730.187	/ (	(856.035	+	868.305)	/	2 )
=	4730.187	/	862.17
=	5.49

Symrise AG's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2316.473	/ (	(954.013	+	868.305)	/	2 )
=	2316.473	/	911.159
=	2.54

Symrise AG (LTS:0G6T) 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.

Symrise AG Receivables Turnover Related Terms

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Symrise AG (LTS:0G6T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Symrise AG (LTS:0G6T) » Definitions » Receivables Turnover

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Traded in Other Exchanges

SYIEY:USA SYIEF:USA SY1:Mexico SY1d:UK SY1:Germany SY1:Austria

Address

Muhlenfeldstrasse 1, Holzminden, ST, DEU, 37603

Website

https://www.symrise.com

Symrise is a global supplier of ingredients for fragrances and flavourings across the food, beverage, household products, and pharmaceutical industries. With an estimated 12% market share, it is the world's fourth-largest supplier of fragrances and flavourings. The company was created after a 2003 merger of two companies that originated in 1874 and 1919. With 9,000 employees, Symrise produces 30,000 products sourced from 10,000 mostly natural raw materials such as vanilla, citrus, blossoms, and plant or animal materials for more than 6,000 customers.

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