AxtelB de CV (FRA:4GK) Receivables Turnover : 1.66 (As of Mar. 2024)

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What is AxtelB de CV 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. AxtelB de CV's Revenue for the three months ended in Mar. 2024 was €147 Mil. AxtelB de CV's average Accounts Receivable for the three months ended in Mar. 2024 was €89 Mil. Hence, AxtelB de CV's Receivables Turnover for the three months ended in Mar. 2024 was 1.66.

AxtelB de CV Receivables Turnover Historical Data

The historical data trend for AxtelB de CV'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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AxtelB de CV Receivables Turnover Chart

AxtelB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.42

3.73

5.16

7.75

76.67

AxtelB de CV 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															2.03	1.70	1.62	53.02	1.66

Competitive Comparison of AxtelB de CV's Receivables Turnover

For the Telecom Services subindustry, AxtelB de CV'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.

AxtelB de CV's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, AxtelB de CV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AxtelB de CV's Receivables Turnover falls into.

AxtelB de CV Receivables Turnover Calculation

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

AxtelB de CV'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 )
=	5096.898	/ (	(57.833	+	75.126)	/	2 )
=	5096.898	/	66.4795
=	76.67

AxtelB de CV'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 )
=	146.825	/ (	(75.126	+	101.969)	/	2 )
=	146.825	/	88.5475
=	1.66

AxtelB de CV (FRA:4GK) 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.

AxtelB de CV Receivables Turnover Related Terms

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AxtelB de CV (FRA:4GK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Axtel SAB de CV (FRA:4GK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AXTELCPO:Mexico

Address

Boulevard Diaz Ordaz Km. 3.33 L-1, Col. Unidad San Pedro, San Pedro Garza Garcia, NL, MEX, 66215

Website

http://www.axtelcorp.mx

Axtel SAB de CV is a Mexican based information and communication technology company. The company has two operating segments namely Business operating segment offers communication services such as information, data and Internet technologies, managed through the company's network and infrastructure for both multinational companies, as well as for international and national businesses. Its Government operating segment offers communication services such as information, data and Internet technologies, administered through the company's network and infrastructure, for the federal, state and municipal governments. The company generates maximum revenue from the Business segment. Geographically, it derives majority revenue from the Mexico region.

AxtelB de CV (FRA:4GK) Headlines

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