Rockwell Automation (LTS:0KXA) Receivables Turnover : 1.09 (As of Mar. 2024)

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What is Rockwell Automation 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. Rockwell Automation's Revenue for the three months ended in Mar. 2024 was $2,126 Mil. Rockwell Automation's average Accounts Receivable for the three months ended in Mar. 2024 was $1,948 Mil. Hence, Rockwell Automation's Receivables Turnover for the three months ended in Mar. 2024 was 1.09.

Rockwell Automation Receivables Turnover Historical Data

The historical data trend for Rockwell Automation'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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Rockwell Automation Receivables Turnover Chart

Rockwell Automation Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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5.65

5.21

5.23

4.91

4.64

Rockwell Automation Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.17	1.04	1.16	1.00	1.09

Competitive Comparison of Rockwell Automation's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Rockwell Automation'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.

Rockwell Automation's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rockwell Automation's Receivables Turnover distribution charts can be found below:

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

Rockwell Automation Receivables Turnover Calculation

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

Rockwell Automation'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 )
=	9058	/ (	(1736.7	+	2167.4)	/	2 )
=	9058	/	1952.05
=	4.64

Rockwell Automation'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2126	/ (	(1934.9	+	1960.2)	/	2 )
=	2126	/	1947.55
=	1.09

Rockwell Automation (LTS:0KXA) 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.

Rockwell Automation Receivables Turnover Related Terms

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Rockwell Automation (LTS:0KXA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rockwell Automation Inc (LTS:0KXA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ROK:USA 1ROK:Italy RWL:Germany

Address

1201 South Second Street, Milwaukee, WI, USA, 53204

Website

https://www.rockwellautomation.com

Rockwell Automation is a pure-play automation competitor that is the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001. As of fiscal 2021, the firm operates through three segments--intelligent devices, software and control, and lifecycle services. Intelligent devices contains its drives, sensors, and industrial components, software and control contains its information and network and security software, while lifecycle services contains its consulting and maintenance services as well as its Sensia JV with SLB.

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