Veritiv Corporation's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2023 to a ratio of 7.65, above the company average. This is a clear sign of healthy business climate in the Paper & Paper Products industry and improving liquidity at their respective customers, during the third quarter 2023. Average collection period, for Veritiv's accounts receivable remained unchanged at 48 days, in the Sep 30 2023 quarter.

If we take a look into Basic Materials sector only one company was able to collect receivables faster. While total ranking has deteriorated relative to the period ending Sep 30 2023 from 65 to 75.

What is Receivable Turnover Ratio?
What is Veritiv Corporation Selling?

What is Receivable Turnover Ratio?

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VRTV Receivables Turnover Ratio	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter
Y / Y Receivable Change	-21.34 %	-22.5 %	-16.36 %	-12.03 %	0.43 %
Y / Y Revenue Change	-19.02 %	-19.96 %	-18.72 %	-10.8 %	2.05 %
Receivable Turnover Ratio (TTM)	7.65	7.59	7.53	7.59	7.56
VRTV's Total Ranking	# 75	# 65	# 73	# 65	# 41
Accounts Receivable average collection period days	48	48	48	48	48
Seq. Receivable Change	0.85 %	-4.98 %	-11.22 %	-7.55 %	-0.63 %
Seq. Revenue Change	0.25 %	-3.5 %	-9.21 %	-7.8 %	-0.91 %

Receivable Turnover Company Ranking
Within:	No.
Paper & Paper Products Industry	# 1
Basic Materials Sector	# 2
Overall Market	# 75

Receivable Turnover Ratio Statistics
High	Average	Low
3.45	3.06	2.45
(Mar 31 2016)		(Jun 30 2021)

VRTV Company Profile • Back to VRTV Efficiency Comparisons • Compare VRTV Receivables Turnover Ratio to its Competitors

Financial Statements
Veritiv's Accounts Receivable	$ 757 Millions	Visit VRTV's Balance sheet
Veritiv's Sales TTM	$ 6,092 Millions	Visit VRTV's Income Statement
Sources of VRTV's Revenues		Visit VRTV's Sales by Geography

Other Accounts Receivable Turnover Ratios
Paper & Paper Products Industry Accounts Receivable Turnover Trends and Statistics
Basic Materials Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
VRTV's Receivable Turnover Ratio versus Paper & Paper Products Industry, Basic Materials Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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VRTV's Growth Rates	VRTV's Roa	VRTV's Inventory Turnover Ratio	VRTV's Dividend Comparisons
VRTV's Profitability Ratios	VRTV's Roi	VRTV's Asset Turnover Ratio	VRTV's Dividend Growth
VRTV's Valuation Ratios	VRTV's Roe	VRTV's Financial Strength Ratios	VRTV's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Basic Materials Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2023	Receivable at quarter ending Sep 30 2023
Boise Cascade Company	21.88	$ 6,821.129 Millions	$ 311.776 Millions
Valvoline Inc	21.29	$ 1,443.500 Millions	$ 67.800 Millions
Realloys Inc	20.84	$ 3.393 Millions	$ 0.163 Millions
Trx Gold Corporation	20.78	$ 67.453 Millions	$ 3.245 Millions
Westlake Chemical Partners Lp	20.31	$ 1,260.357 Millions	$ 62.058 Millions
Safe And Green Holdings Corp	20.29	$ 18.670 Millions	$ 0.920 Millions
Alto Ingredients Inc	19.31	$ 1,277.752 Millions	$ 66.156 Millions
Hecla Mining Company	18.76	$ 753.461 Millions	$ 40.168 Millions
Xpel Inc	17.53	$ 368.846 Millions	$ 21.044 Millions
American Woodmark Corp	16.26	$ 1,932.203 Millions	$ 118.853 Millions
Louisiana pacific Corporation	15.66	$ 2,458.000 Millions	$ 157.000 Millions
The Azek Company Inc	15.59	$ 1,370.316 Millions	$ 87.903 Millions
Freeport mcmoran Inc	15.52	$ 22,708.000 Millions	$ 1,462.750 Millions
Centrus Energy Corp	15.12	$ 342.400 Millions	$ 22.650 Millions
Lyondellbasell Industries N v	14.63	$ 41,384.000 Millions	$ 2,827.750 Millions
Ssr Mining Inc	13.92	$ 1,307.407 Millions	$ 93.899 Millions
Mp Materials Corp	13.49	$ 305.485 Millions	$ 22.643 Millions
Futurefuel Corp	13.28	$ 391.653 Millions	$ 29.487 Millions
Alcoa Corp	12.63	$ 10,619.000 Millions	$ 840.750 Millions
Idaho Strategic Resources Inc	12.59	$ 13.311 Millions	$ 1.057 Millions
Intrepid Potash inc	12.48	$ 373.090 Millions	$ 29.887 Millions
Tupperware Brands Corporation	12.41	$ 1,138.300 Millions	$ 91.700 Millions
Karat Packaging Inc	12.38	$ 401.273 Millions	$ 32.421 Millions
Quanex Building Products Corporation	12.15	$ 1,130.583 Millions	$ 93.056 Millions
Techprecision Corp	11.80	$ 33.185 Millions	$ 2.813 Millions
Gevo inc	11.67	$ 13.371 Millions	$ 1.146 Millions
It Tech Packaging Inc	11.49	$ 86.955 Millions	$ 7.565 Millions
Mativ Holdings Inc	11.48	$ 3,178.400 Millions	$ 276.750 Millions
Bluelinx Holdings Inc	11.46	$ 3,271.737 Millions	$ 285.588 Millions
United States Steel Corp	11.43	$ 18,247.000 Millions	$ 1,596.500 Millions

Date modified: 2026-08-29T17:18:49+00:00

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