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. Vulcan Materials Co's Revenue for the
three
months ended in Dec. 2023 was $1,834 Mil. Vulcan Materials Co's average Accounts Receivable for the
three
months ended in Dec. 2023 was $1,037 Mil.
Hence, Vulcan Materials Co's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.77.
Vulcan Materials Co Receivables Turnover Historical Data
The historical data trend for Vulcan Materials Co'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 Vulcan Materials Co's Receivables Turnover
For the Building Materials subindustry, Vulcan Materials Co'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.
Vulcan Materials Co's Receivables Turnover Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Vulcan Materials Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Vulcan Materials Co's Receivables Turnover falls into.
Vulcan Materials Co Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Vulcan Materials Co'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.
Vulcan Materials Co (NYSE:VMC) 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.
Vulcan Materials Co Receivables Turnover Related Terms
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Vulcan Materials Co (Vulcan Materials Co) Business Description
Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2022, Vulcan sold 263.4 million tons of aggregates, 12.2 million tons of asphalt mix, and 10.5 million cubic yards of ready-mix. As of Dec. 31, 2022, the company had nearly 16 billion tons of aggregates reserves.
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