Spirax-Sarco Engineering (Spirax-Sarco Engineering) Receivables Turnover : 2.70 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Spirax-Sarco Engineering 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. Spirax-Sarco Engineering's Revenue for the six months ended in Dec. 2023 was $1,053 Mil. Spirax-Sarco Engineering's average Accounts Receivable for the six months ended in Dec. 2023 was $390 Mil. Hence, Spirax-Sarco Engineering's Receivables Turnover for the six months ended in Dec. 2023 was 2.70.

Spirax-Sarco Engineering Receivables Turnover Historical Data

The historical data trend for Spirax-Sarco Engineering'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.

* Premium members only.

Spirax-Sarco Engineering Receivables Turnover Chart

Spirax-Sarco Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.20

5.18

5.37

5.05

5.36

Spirax-Sarco Engineering 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															2.69	2.48	2.62	2.63	2.70

Competitive Comparison of Spirax-Sarco Engineering's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Spirax-Sarco Engineering'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.

Spirax-Sarco Engineering's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Spirax-Sarco Engineering's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Spirax-Sarco Engineering's Receivables Turnover falls into.

Spirax-Sarco Engineering Receivables Turnover Calculation

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

Spirax-Sarco Engineering'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 )
=	2129.873	/ (	(415.469	+	379.494)	/	2 )
=	2129.873	/	397.4815
=	5.36

Spirax-Sarco Engineering'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 )
=	1052.911	/ (	(400.505	+	379.494)	/	2 )
=	1052.911	/	389.9995
=	2.70

Spirax-Sarco Engineering (OTCPK:SPXSF) 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.

Spirax-Sarco Engineering Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Spirax-Sarco Engineering's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Spirax-Sarco Engineering (Spirax-Sarco Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spirax-Sarco Engineering PLC (OTCPK:SPXSF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SPXSY:USA SPXl:UK SPX:UK 1LNB:Germany

Address

Cirencester Road, Charlton House, Cheltenham, Gloucestershire, GBR, GL53 8ER

Website

https://www.spiraxsarcoengineering.com

Spirax-Sarco is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax-Sarco has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.

Spirax-Sarco Engineering (Spirax-Sarco Engineering) Headlines

From GuruFocus

Spirax-Sarco Engineering PLC's Dividend Analysis

By GuruFocus Research • 10-11-2023

Royce Investment Partners Commentary: Overlooked Opportunities in International Small Cap Podcast

By Sydnee Gatewood • 08-25-2021