Comcm Constanta (BSE:CMCM) Receivables Turnover : 0.08 (As of Mar. 2023)

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What is Comcm Constanta 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. Comcm Constanta's Revenue for the three months ended in Mar. 2023 was lei0.22 Mil. Comcm Constanta's average Accounts Receivable for the three months ended in Mar. 2023 was lei2.93 Mil. Hence, Comcm Constanta's Receivables Turnover for the three months ended in Mar. 2023 was 0.08.

Comcm Constanta Receivables Turnover Historical Data

The historical data trend for Comcm Constanta'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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Comcm Constanta Receivables Turnover Chart

Comcm Constanta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.19

0.26

0.23

0.20

20.24

Comcm Constanta Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.06	0.05	0.06	0.08	-

Competitive Comparison of Comcm Constanta's Receivables Turnover

For the Engineering & Construction subindustry, Comcm Constanta'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.

Comcm Constanta's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Comcm Constanta's Receivables Turnover distribution charts can be found below:

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

Comcm Constanta Receivables Turnover Calculation

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

Comcm Constanta'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 )
=	69.057	/ (	(2.931	+	3.894)	/	2 )
=	69.057	/	3.4125
=	20.24

Comcm Constanta's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	0.224	/ (	(2.931	+	2.919)	/	2 )
=	0.224	/	2.925
=	0.08

Comcm Constanta (BSE:CMCM) 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.

Comcm Constanta Receivables Turnover Related Terms

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Comcm Constanta (BSE:CMCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Comcm SA Constanta (BSE:CMCM) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Bulevardul Aurel Vlaicu 144, Constanta, ROU, 900498

Website

http://www.comcm.ro

Comcm SA Constanta is engaged in the manufacture of concrete, and as auxiliary activities: industrial production for constructions, civil constructions of quarry products, rebars, and prefabricated products. As civil engineering and industrial construction activities. Its main activity is the rental of machinery, but also the extraction and sorting of sand.