Atacadao (Atacadao) Receivables Turnover : 6.33 (As of Mar. 2024)

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What is Atacadao 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. Atacadao's Revenue for the three months ended in Mar. 2024 was $5,292 Mil. Atacadao's average Accounts Receivable for the three months ended in Mar. 2024 was $836 Mil. Hence, Atacadao's Receivables Turnover for the three months ended in Mar. 2024 was 6.33.

Atacadao Receivables Turnover Historical Data

The historical data trend for Atacadao'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.

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Atacadao Receivables Turnover Chart

Atacadao Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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55.66

50.11

56.34

53.63

44.00

Atacadao Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															7.16	7.54	7.31	8.68	6.33

Competitive Comparison of Atacadao's Receivables Turnover

For the Food Distribution subindustry, Atacadao'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.

Atacadao's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Atacadao's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Atacadao's Receivables Turnover falls into.

Atacadao Receivables Turnover Calculation

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

Atacadao'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 )
=	22421.119	/ (	(501.964	+	517.164)	/	2 )
=	22421.119	/	509.564
=	44.00

Atacadao's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	5291.578	/ (	(517.164	+	1154.263)	/	2 )
=	5291.578	/	835.7135
=	6.33

Atacadao (OTCPK:ATAAY) 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.

Atacadao Receivables Turnover Related Terms

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Atacadao (Atacadao) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Atacadao SA (OTCPK:ATAAY) » Definitions » Receivables Turnover

Comparable Companies

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CRFB3:Brazil

Address

Avenida Morvan Dias de Figueiredo, No. 6.169, Vila Maria Baixa, Sao Paulo, SP, BRA, CEP 02178-000

Website

https://www.atacadao.com.br

Atacadao SA has three operating segments. The Retail segment comprises the operations of Carrefour-branded hypermarket, supermarket, and convenience store formats as well as drugstores, gas stations and e-commerce platforms for the sale of non-food goods. The Cash and Carry segment, which is the key revenue driver, comprises the operations of wholesale and cash carry stores that operate under the Atacadao brand. The Financial Solutions segment provides credit cards and consumer financing to its customers. Substantially, all of the group's revenues are derived from operations in Brazil.

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