Latecoere (XPAR:LAT) Receivables Turnover : 4.70 (As of Jun. 2023)

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What is Latecoere 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. Latecoere's Revenue for the six months ended in Jun. 2023 was €303.8 Mil. Latecoere's average Accounts Receivable for the six months ended in Jun. 2023 was €64.6 Mil. Hence, Latecoere's Receivables Turnover for the six months ended in Jun. 2023 was 4.70.

Latecoere Receivables Turnover Historical Data

The historical data trend for Latecoere'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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Latecoere Receivables Turnover Chart

Latecoere Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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4.57

4.78

4.42

5.52

7.36

Latecoere Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															3.25	2.44	2.63	3.36	4.70

Competitive Comparison of Latecoere's Receivables Turnover

For the Aerospace & Defense subindustry, Latecoere'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.

Latecoere's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Latecoere's Receivables Turnover distribution charts can be found below:

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

Latecoere Receivables Turnover Calculation

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

Latecoere's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	468.276	/ (	(68.233	+	58.982)	/	2 )
=	468.276	/	63.6075
=	7.36

Latecoere's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	303.797	/ (	(58.982	+	70.291)	/	2 )
=	303.797	/	64.6365
=	4.70

Latecoere (XPAR:LAT) 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.

Latecoere Receivables Turnover Related Terms

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Latecoere (XPAR:LAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Latecoere SA (XPAR:LAT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

0IXT:UK 12J0:Germany

Address

135, Rue de Periole, BP 25211, Cedex 5, Toulouse, FRA, 31079

Website

https://www.latecoere.aero

Latecoere SA is operating in the aeronautics industry. The company's core business activities are categorized into two key segments: Aerostructures segment and Interconnection Systems segment. Its Aerostructures division designs and manufactures fuselage components such as aircraft sections, tail cones, nose cone fairings, among others. Latecoere's Interconnection Systems specializes in the customized design, and production of wiring systems, avionics racks and test benches for the aeronautics, defense and space sectors. The Interconnection Systems segment contributes the majority of the total revenue. The company has an operational presence across Europe, Africa, and Central America.

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