AZZ (STU:AI7) Receivables Turnover : 2.58 (As of Feb. 2024)

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What is AZZ 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. AZZ's Revenue for the three months ended in Feb. 2024 was €340 Mil. AZZ's average Accounts Receivable for the three months ended in Feb. 2024 was €132 Mil. Hence, AZZ's Receivables Turnover for the three months ended in Feb. 2024 was 2.58.

AZZ Receivables Turnover Historical Data

The historical data trend for AZZ'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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AZZ Receivables Turnover Chart

AZZ Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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7.63

3.39

5.10

11.18

10.26

AZZ Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															1.99	2.37	2.25	2.35	2.58

Competitive Comparison of AZZ's Receivables Turnover

For the Specialty Business Services subindustry, AZZ'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.

AZZ's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, AZZ's Receivables Turnover distribution charts can be found below:

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

AZZ Receivables Turnover Calculation

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

AZZ's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	1425.345	/ (	(146.118	+	131.862)	/	2 )
=	1425.345	/	138.99
=	10.26

AZZ's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	339.809	/ (	(131.636	+	131.862)	/	2 )
=	339.809	/	131.749
=	2.58

AZZ (STU:AI7) 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.

AZZ Receivables Turnover Related Terms

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AZZ (STU:AI7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » AZZ Inc (STU:AI7) » Definitions » Receivables Turnover

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AZZ:USA

Address

3100 West 7th Street, Suite 500, One Museum Place, Fort Worth, TX, USA, 76107

Website

https://www.azz.com

AZZ Inc is a provider of galvanizing and a variety of metal coating solutions and coil coating solutions to a broad range of end markets in North America. In its Metal Coatings segment, the company offers metal finishing services to protect against corrosion, such as hot dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals Segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils.

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