Carbonxt Group (FRA:CKV) Receivables Turnover : 5.80 (As of Dec. 2023)

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What is Carbonxt Group 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. Carbonxt Group's Revenue for the six months ended in Dec. 2023 was €5.17 Mil. Carbonxt Group's average Accounts Receivable for the six months ended in Dec. 2023 was €0.89 Mil. Hence, Carbonxt Group's Receivables Turnover for the six months ended in Dec. 2023 was 5.80.

Carbonxt Group Receivables Turnover Historical Data

The historical data trend for Carbonxt Group'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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Carbonxt Group Receivables Turnover Chart

Carbonxt Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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14.32

10.57

10.07

11.44

8.54

Carbonxt Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								7.84	5.15	4.89	4.37	5.80

Competitive Comparison of Carbonxt Group's Receivables Turnover

For the Specialty Chemicals subindustry, Carbonxt Group'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.

Carbonxt Group's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Carbonxt Group's Receivables Turnover distribution charts can be found below:

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

Carbonxt Group Receivables Turnover Calculation

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

Carbonxt Group'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 )
=	9.561	/ (	(1.357	+	0.883)	/	2 )
=	9.561	/	1.12
=	8.54

Carbonxt Group'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 )
=	5.171	/ (	(0.883	+	0.9)	/	2 )
=	5.171	/	0.8915
=	5.80

Carbonxt Group (FRA:CKV) 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.

Carbonxt Group Receivables Turnover Related Terms

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Carbonxt Group (FRA:CKV) Business Description

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CG1:Australia

Address

3951 NW 48th Terrace, Suite 111, Gainesville, FL, USA, 32606

Website

https://www.carbonxt.com

Carbonxt Group Ltd is an Australian company engaged in the development and sale of specialized Activated Carbon (AC) products, including Powdered Activated Carbon (PAC) and AC pellets for the removal of pollutants and toxins in industrial processes. Geographically, it derives a majority of revenue from the United States of America. The company product comprises coal-fired power plants, cement plants, waste to energy, potable water and other applications.

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