Grupo ElektraB de CV (XMAD:XEKT) Receivables Turnover : 14.34 (As of Mar. 2024)

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What is Grupo ElektraB 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. Grupo ElektraB de CV's Revenue for the three months ended in Mar. 2024 was €2,470 Mil. Grupo ElektraB de CV's average Accounts Receivable for the three months ended in Mar. 2024 was €172 Mil. Hence, Grupo ElektraB de CV's Receivables Turnover for the three months ended in Mar. 2024 was 14.34.

Grupo ElektraB de CV Receivables Turnover Historical Data

The historical data trend for Grupo ElektraB 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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Grupo ElektraB de CV Receivables Turnover Chart

Grupo ElektraB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.50

9.86

54.39

50.48

57.44

Grupo ElektraB 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															1.03	0.57	0.56	1.23	14.34

Competitive Comparison of Grupo ElektraB de CV's Receivables Turnover

For the Financial Conglomerates subindustry, Grupo ElektraB 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.

Grupo ElektraB de CV's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Grupo ElektraB de CV's Receivables Turnover distribution charts can be found below:

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

Grupo ElektraB de CV Receivables Turnover Calculation

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

Grupo ElektraB 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 )
=	9948.371	/ (	(174.116	+	172.296)	/	2 )
=	9948.371	/	173.206
=	57.44

Grupo ElektraB 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 )
=	2470.259	/ (	(172.296	+	0)	/	1 )
=	2470.259	/	172.296
=	14.34

Grupo ElektraB de CV (XMAD:XEKT) 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.

Grupo ElektraB de CV Receivables Turnover Related Terms

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Grupo ElektraB de CV (XMAD:XEKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Grupo Elektra SAB de CV (XMAD:XEKT) » Definitions » Receivables Turnover

Traded in Other Exchanges

ELEKTRA:Mexico GE7C:Germany

Address

Av Ferrocarril de Rio Frio, N 419-CJ Col Fraccionamiento, Industrial del Moral, Mexico DF, MEX

Website

http://www.grupoelektra.com.mx

Grupo Elektra SAB de CV is a Mexican specialty retailer and financial services provider. It operates in South and Central America and the United States. The firm's main customers are found at the base of the socioeconomic pyramid. The firm's operations are split into the commercial division and the financial division. The commercial division offers electronics, appliances, and furniture, among other things. The financial division includes Banco Azteca (Mexico, Guatemala, El Salvador, Honduras, Peru), Advance America (U.S.), Afore Azteca, Seguros Azteca, and Punto Casa de Bolsa.

Grupo ElektraB de CV (XMAD:XEKT) Headlines

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