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. AMETEK's Revenue for the
three
months ended in Dec. 2023 was $1,731 Mil. AMETEK's average Accounts Receivable for the
three
months ended in Dec. 2023 was $975 Mil.
Hence, AMETEK's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.78.
AMETEK Receivables Turnover Historical Data
The historical data trend for AMETEK'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 AMETEK's Receivables Turnover
For the Specialty Industrial Machinery subindustry, AMETEK'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.
AMETEK's Receivables Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, AMETEK's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where AMETEK's Receivables Turnover falls into.
AMETEK Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
AMETEK'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.
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.
AMETEK Receivables Turnover Related Terms
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Ametek is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. About half of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.
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