Celulosa Argentina (BUE:CELU) Receivables Turnover : 2.28 (As of Feb. 2024)

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What is Celulosa Argentina 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. Celulosa Argentina's Revenue for the three months ended in Feb. 2024 was ARS65,455 Mil. Celulosa Argentina's average Accounts Receivable for the three months ended in Feb. 2024 was ARS28,693 Mil. Hence, Celulosa Argentina's Receivables Turnover for the three months ended in Feb. 2024 was 2.28.

Celulosa Argentina Receivables Turnover Historical Data

The historical data trend for Celulosa Argentina'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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Celulosa Argentina Receivables Turnover Chart

Celulosa Argentina Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Receivables Turnover

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6.72

6.88

7.31

8.79

7.30

Celulosa Argentina Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															7.48	-	1.94	2.18	2.28

Competitive Comparison of Celulosa Argentina's Receivables Turnover

For the Paper & Paper Products subindustry, Celulosa Argentina'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.

Celulosa Argentina's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Celulosa Argentina's Receivables Turnover distribution charts can be found below:

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

Celulosa Argentina Receivables Turnover Calculation

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

Celulosa Argentina's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	87094.767	/ (	(11672.324	+	12187.115)	/	2 )
=	87094.767	/	11929.7195
=	7.30

Celulosa Argentina's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	65455.217	/ (	(19811.011	+	37574.283)	/	2 )
=	65455.217	/	28692.647
=	2.28

Celulosa Argentina (BUE:CELU) 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.

Celulosa Argentina Receivables Turnover Related Terms

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Celulosa Argentina (BUE:CELU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Celulosa Argentina SA (BUE:CELU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Del Libertador 2442, Buenos Aires,piso 4, Olivos, ARG, B1636DSR

Website

http://www.celulosaargentina.com.ar

Celulosa Argentina SA is engaged in the manufacturing, marketing, and distribution of forest products. Its product portfolio includes Paper products, cellulose pulp, forest products as well as wood products. Geographically, the activities are carried out through Argentina.