Corticeira Amorim SGPS (XLIS:COR) Receivables Turnover : 1.05 (As of Dec. 2023)

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What is Corticeira Amorim SGPS 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. Corticeira Amorim SGPS's Revenue for the three months ended in Dec. 2023 was €222.2 Mil. Corticeira Amorim SGPS's average Accounts Receivable for the three months ended in Dec. 2023 was €211.5 Mil. Hence, Corticeira Amorim SGPS's Receivables Turnover for the three months ended in Dec. 2023 was 1.05.

Corticeira Amorim SGPS Receivables Turnover Historical Data

The historical data trend for Corticeira Amorim SGPS'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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Corticeira Amorim SGPS Receivables Turnover Chart

Corticeira Amorim SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.59

4.53

4.87

5.23

4.80

Corticeira Amorim SGPS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.05	1.14	1.09	0.92	1.05

Competitive Comparison of Corticeira Amorim SGPS's Receivables Turnover

For the Lumber & Wood Production subindustry, Corticeira Amorim SGPS'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.

Corticeira Amorim SGPS's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Corticeira Amorim SGPS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Corticeira Amorim SGPS's Receivables Turnover falls into.

Corticeira Amorim SGPS Receivables Turnover Calculation

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

Corticeira Amorim SGPS'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 )
=	985.467	/ (	(207.792	+	203.08)	/	2 )
=	985.467	/	205.436
=	4.80

Corticeira Amorim SGPS'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	222.248	/ (	(219.915	+	203.08)	/	2 )
=	222.248	/	211.4975
=	1.05

Corticeira Amorim SGPS (XLIS:COR) 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.

Corticeira Amorim SGPS Receivables Turnover Related Terms

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Corticeira Amorim SGPS (XLIS:COR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Corticeira Amorim SGPS SA (XLIS:COR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

0O7J:UK AS4:Germany

Address

No. 380, Rua Comendador Américo Ferreira de Amorim, Mozelos, PRT, 4536-902

Website

https://www.corticeiraamorim.com

Corticeira Amorim SGPS SA (Corticeira Amorim) is a holding company engaged in cork-related products. Group organizes its activities into five business divisions: Raw Materials, Cork Stoppers, Floor and wall Coverings, Cork Composites, and Insulation Cork. The company's products include stoppers for wine and other spirits, granulated cork, rubber cork, cork floorings and giftware. The business of the company is operated through Portugal, Spain, Tunisia, the United States, Australia, Germany, China, Italy, Argentina, France and Netherlands. The company derives majority of the revenue from European region.