CT Automotive Group (LSE:CTA) Receivables Turnover : 3.74 (As of Dec. 2023)

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What is CT Automotive 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. CT Automotive Group's Revenue for the six months ended in Dec. 2023 was £59.1 Mil. CT Automotive Group's average Accounts Receivable for the six months ended in Dec. 2023 was £15.8 Mil. Hence, CT Automotive Group's Receivables Turnover for the six months ended in Dec. 2023 was 3.74.

CT Automotive Group Receivables Turnover Historical Data

The historical data trend for CT Automotive 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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CT Automotive Group Receivables Turnover Chart

CT Automotive Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.38

3.33

3.62

6.15

8.47

CT Automotive Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					2.29	2.11	3.27	3.43	3.74

Competitive Comparison of CT Automotive Group's Receivables Turnover

For the Auto Parts subindustry, CT Automotive 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.

CT Automotive Group's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CT Automotive Group's Receivables Turnover distribution charts can be found below:

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

CT Automotive Group Receivables Turnover Calculation

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

CT Automotive 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 )
=	112.949	/ (	(13.273	+	13.385)	/	2 )
=	112.949	/	13.329
=	8.47

CT Automotive 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 )
=	59.109	/ (	(18.211	+	13.385)	/	2 )
=	59.109	/	15.798
=	3.74

CT Automotive Group (LSE:CTA) 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.

CT Automotive Group Receivables Turnover Related Terms

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CT Automotive Group (LSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CT Automotive Group PLC (LSE:CTA) » Definitions » Receivables Turnover

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X7X:Germany

Address

1000 Lakeside North Harbour, Western Road, Portsmouth, Hampshire, GBR, PO6 3EN

Website

https://www.ct-automotive.net

CT Automotive Group PLC designs develops and supplies interior components for the automotive industry. Customers include a few original equipment manufacturers and Tier One suppliers to OEMs. The group has an international manufacturing footprint with the majority of the production across three sites in China with additional sites in the UK, Czech Republic, and Turkey, as well as an engineering design office in India.