What is West Pharmaceutical Services 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. West Pharmaceutical Services's Revenue for the
three
months ended in Mar. 2024 was $695 Mil. West Pharmaceutical Services's average Accounts Receivable for the
three
months ended in Mar. 2024 was $518 Mil.
Hence, West Pharmaceutical Services's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.34.
West Pharmaceutical Services Receivables Turnover Historical Data
* 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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West Pharmaceutical Services Receivables Turnover Chart
Competitive Comparison of West Pharmaceutical Services's Receivables Turnover
For the Medical Instruments & Supplies subindustry, West Pharmaceutical Services'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.
West Pharmaceutical Services's Receivables Turnover Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, West Pharmaceutical Services's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where West Pharmaceutical Services's Receivables Turnover falls into.
West Pharmaceutical Services Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
West Pharmaceutical Services'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.
West Pharmaceutical Services (NYSE:WST) 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.
West Pharmaceutical Services Receivables Turnover Related Terms
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West Pharmaceutical Services (West Pharmaceutical Services) Business Description
West Pharmaceutical Services is a Pennsylvania-based medical supplies company that operates as a key supplier to firms in the pharmaceutical, biotechnology, and generic drug industries. West develops, manufactures, and distributes elastomer-based supplies for the containment and administration of injectable drugs, including basic equipment such as syringes, stoppers, and plungers, along with somewhat more complicated devices including auto-injectors and other self-injection platforms. The company reports in two segments: proprietary products (82% of 2021 sales) and contract-manufactured products (18%). It generates 55% of its revenue from international markets and 45% from the United States.
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