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
Valvoline Inc	21.29	$ 1,443.500 Millions	$ 67.800 Millions
Realloys Inc	20.84	$ 3.393 Millions	$ 0.163 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
Ssr Mining Inc	18.00	$ 1,307.407 Millions	$ 72.640 Millions
Xpel Inc	17.53	$ 368.846 Millions	$ 21.044 Millions
Zk International Group Co ltd	16.86	$ 111.600 Millions	$ 6.617 Millions
American Woodmark Corp	16.26	$ 1,932.203 Millions	$ 118.853 Millions
Tupperware Brands Corporation	16.15	$ 1,138.300 Millions	$ 70.475 Millions
Louisiana pacific Corporation	15.66	$ 2,458.000 Millions	$ 157.000 Millions
Futurefuel Corp	15.60	$ 391.653 Millions	$ 25.110 Millions
Mp Materials Corp	15.59	$ 305.485 Millions	$ 19.597 Millions
The Azek Company Inc	15.51	$ 1,370.316 Millions	$ 88.353 Millions
Lyondellbasell Industries N v	15.40	$ 41,384.000 Millions	$ 2,687.750 Millions
Centrus Energy Corp	15.12	$ 342.400 Millions	$ 22.650 Millions
Alcoa Corp	14.53	$ 10,619.000 Millions	$ 731.000 Millions
Intrepid Potash inc	13.11	$ 373.090 Millions	$ 28.464 Millions
Karat Packaging Inc	12.38	$ 401.273 Millions	$ 32.421 Millions
Pactiv Evergreen Inc	12.22	$ 5,712.000 Millions	$ 467.500 Millions
Trx Gold Corporation	12.20	$ 38.320 Millions	$ 3.140 Millions
Quanex Building Products Corporation	11.79	$ 1,130.583 Millions	$ 95.893 Millions
United States Steel Corp	11.70	$ 18,247.000 Millions	$ 1,559.000 Millions
Gevo inc	11.67	$ 13.371 Millions	$ 1.146 Millions
Flotek Industries Inc	11.55	$ 193.865 Millions	$ 16.792 Millions
Bluelinx Holdings Inc	11.46	$ 3,271.737 Millions	$ 285.588 Millions
Mesabi Trust	11.32	$ 14.462 Millions	$ 1.277 Millions
Gulf Resources Inc	11.25	$ 41.763 Millions	$ 3.714 Millions
Metallus Inc	11.21	$ 1,332.400 Millions	$ 118.900 Millions
Techprecision Corp	11.00	$ 31.174 Millions	$ 2.833 Millions
Armstrong World Industries Inc	11.00	$ 1,286.500 Millions	$ 117.000 Millions

Date modified: 2026-09-26T07:01:44+00:00

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