Chapel Down Group (LSE:CDGP) Receivables Turnover : 6.02 (As of Dec. 2023)

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What is Chapel Down 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. Chapel Down Group's Revenue for the three months ended in Dec. 2023 was £17.20 Mil. Chapel Down Group's average Accounts Receivable for the three months ended in Dec. 2023 was £2.86 Mil. Hence, Chapel Down Group's Receivables Turnover for the three months ended in Dec. 2023 was 6.02.

Chapel Down Group Receivables Turnover Historical Data

The historical data trend for Chapel Down 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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Chapel Down Group Receivables Turnover Chart

Chapel Down Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.36

5.50

9.96

8.44

6.02

Chapel Down Group Quarterly Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	Get a 7-Day Free Trial				6.36	5.50	9.96	8.44	6.02

Competitive Comparison of Chapel Down Group's Receivables Turnover

For the Beverages - Wineries & Distilleries subindustry, Chapel Down 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.

Chapel Down Group's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Chapel Down Group's Receivables Turnover distribution charts can be found below:

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

Chapel Down Group Receivables Turnover Calculation

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

Chapel Down Group'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 )
=	17.201	/ (	(2.465	+	3.245)	/	2 )
=	17.201	/	2.855
=	6.02

Chapel Down 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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	17.201	/ (	(2.465	+	3.245)	/	2 )
=	17.201	/	2.855
=	6.02

Chapel Down Group (LSE:CDGP) 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.

Chapel Down Group Receivables Turnover Related Terms

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Chapel Down Group (LSE:CDGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Chapel Down Group PLC (LSE:CDGP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

1U6:Germany

Address

Small Hythe Road, Chapel Down Winery, Tenterden, Kent, GBR, TN30 7NG

Website

https://www.chapeldown.com

Chapel Down Group PLC operates in the beverage industry in the United Kingdom. The company is engaged as a producer and supplier of sparkling wine and still wine. Its product categories are wines, vodka, and brandy and the product portfolio of the company include Chapel Down Bacchus Gin, Brandy and Glasses Gift sets, and Chapel Down Chardonnay Vodka. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in Rest of Europe and Rest of the world.

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