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. Alamo Group's Revenue for the
three
months ended in Dec. 2023 was $418 Mil. Alamo Group's average Accounts Receivable for the
three
months ended in Dec. 2023 was $370 Mil.
Hence, Alamo Group's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.13.
Alamo Group Receivables Turnover Historical Data
The historical data trend for Alamo Group'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 Alamo Group's Receivables Turnover
For the Farm & Heavy Construction Machinery subindustry, Alamo Group'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.
Alamo Group's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Alamo Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Alamo Group's Receivables Turnover falls into.
Alamo Group Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Alamo Group'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.
Alamo Group (NYSE:ALG) 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.
Alamo Group Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Alamo Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Alamo Group Inc is engaged in the design and manufacturing of agricultural equipment and infrastructure maintenance equipment. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, leaf collection equipment, pothole patchers, zero-turn radius mowers, agricultural implements, and related aftermarket parts. The company's reportable segments are Vegetation Management and Industrial Equipment. It generates a majority of its revenue from Vegetation Management. Geographically, the company generates majority of the revenue from the United States.
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