Cokal (CKALF) Receivables Turnover : 7.66 (As of Dec. 2023)

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What is Cokal 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. Cokal's Revenue for the six months ended in Dec. 2023 was $2.52 Mil. Cokal's average Accounts Receivable for the six months ended in Dec. 2023 was $0.33 Mil. Hence, Cokal's Receivables Turnover for the six months ended in Dec. 2023 was 7.66.

Cokal Receivables Turnover Historical Data

The historical data trend for Cokal'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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Cokal Receivables Turnover Chart

Cokal Annual Data

Trend

Jun14

Jun15

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Jun17

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Jun19

Jun20

Jun21

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Jun23

Receivables Turnover

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Cokal Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	7.66

Competitive Comparison of Cokal's Receivables Turnover

For the Coking Coal subindustry, Cokal'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.

Cokal's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Cokal's Receivables Turnover distribution charts can be found below:

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

Cokal Receivables Turnover Calculation

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

Cokal's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Cokal's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2.52	/ (	(0	+	0.329)	/	1 )
=	2.52	/	0.329
=	7.66

Cokal (OTCPK:CKALF) 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.

Cokal Receivables Turnover Related Terms

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Cokal (CKALF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cokal Ltd (OTCPK:CKALF) » Definitions » Receivables Turnover

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CKA:Australia

Address

56 Pitt Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.cokal.com.au

Cokal Ltd is a coal exploration company. The principal activity of the company is an exploration of coal within the Central Kalimantan coking coal basin in Indonesia. Cokal has interests in four projects in Central Kalimantan and one project in West Kalimantan. The firm is organized into three operating segments main areas, which involves the exploration of coal in Indonesia, Australia and Singapore. The majority of its revenue is derived from Australia.