Lojas Quero-Quero (BSP:LJQQ3) Receivables Turnover : 0.54 (As of Mar. 2024)

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What is Lojas Quero-Quero 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. Lojas Quero-Quero's Revenue for the three months ended in Mar. 2024 was R$588 Mil. Lojas Quero-Quero's average Accounts Receivable for the three months ended in Mar. 2024 was R$1,087 Mil. Hence, Lojas Quero-Quero's Receivables Turnover for the three months ended in Mar. 2024 was 0.54.

Lojas Quero-Quero Receivables Turnover Historical Data

The historical data trend for Lojas Quero-Quero'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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Lojas Quero-Quero Receivables Turnover Chart

Lojas Quero-Quero Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.60

2.66

2.75

2.65

2.43

Lojas Quero-Quero Quarterly Data
	Mar19	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															0.61	0.59	0.63	0.63	0.54

Competitive Comparison of Lojas Quero-Quero's Receivables Turnover

For the Specialty Retail subindustry, Lojas Quero-Quero'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.

Lojas Quero-Quero's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Lojas Quero-Quero's Receivables Turnover falls into.

Lojas Quero-Quero Receivables Turnover Calculation

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

Lojas Quero-Quero'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 )
=	2398.127	/ (	(911.714	+	1059.229)	/	2 )
=	2398.127	/	985.4715
=	2.43

Lojas Quero-Quero'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 )
=	588.33	/ (	(1059.229	+	1115.725)	/	2 )
=	588.33	/	1087.477
=	0.54

Lojas Quero-Quero (BSP:LJQQ3) 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.

Lojas Quero-Quero Receivables Turnover Related Terms

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Lojas Quero-Quero (BSP:LJQQ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lojas Quero-Quero SA (BSP:LJQQ3) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida General Flores da Cunha, 1943, Vila Cachoeirinha, Cachoeirinha, RS, BRA, 94910-003

Website

https://www.queroquero.com.br

Lojas Quero-Quero SA is engaged providing integrated solutions to customers, with a comprehensive portfolio of construction materials, home appliances and furniture, in order to meet their needs in the household goods and construction segment. It currently has stores distributed in the states of Rio Grande do Sul, Santa Cataria, Parana, Mato Grosso do Sul and Sao Paulo, in addition to three distribution centers. The company has one operating segment with consists of revenues obtained from retail activities, financial services and credit cards on a segregated basis.

Lojas Quero-Quero (BSP:LJQQ3) Headlines

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