Groupe Cioa (XPAR:MLCIO) Receivables Turnover : 1.23 (As of Dec. 2022)

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What is Groupe Cioa 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. Groupe Cioa's Revenue for the six months ended in Dec. 2022 was €15,650 Mil. Groupe Cioa's average Accounts Receivable for the six months ended in Dec. 2022 was €12,711 Mil. Hence, Groupe Cioa's Receivables Turnover for the six months ended in Dec. 2022 was 1.23.

Groupe Cioa Receivables Turnover Historical Data

The historical data trend for Groupe Cioa'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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Groupe Cioa Receivables Turnover Chart

Groupe Cioa Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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1.15

1.30

1.04

1.22

1.23

Groupe Cioa Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Receivables Turnover	Get a 7-Day Free Trial			1.15	1.30	1.04	1.22	1.23

Competitive Comparison of Groupe Cioa's Receivables Turnover

For the Consulting Services subindustry, Groupe Cioa'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.

Groupe Cioa's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Groupe Cioa's Receivables Turnover distribution charts can be found below:

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

Groupe Cioa Receivables Turnover Calculation

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

Groupe Cioa'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 )
=	15649.534	/ (	(11618.88	+	13804.087)	/	2 )
=	15649.534	/	12711.4835
=	1.23

Groupe Cioa's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	15649.534	/ (	(11618.88	+	13804.087)	/	2 )
=	15649.534	/	12711.4835
=	1.23

Groupe Cioa (XPAR:MLCIO) 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.

Groupe Cioa Receivables Turnover Related Terms

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Groupe Cioa (XPAR:MLCIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Groupe Cioa SA (XPAR:MLCIO) » Definitions » Receivables Turnover

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Address

Avenue de l'Université, Immeuble le Nobel, La Valette du Var, FRA, 83160

Website

http://www.cioa.com

Groupe Cioa SA is a France-based company engaged in provides consulting and management services in the engineering field.

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