CGE Transmision (XSGO:CGET) Receivables Turnover : 1.85 (As of Mar. 2024)

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What is CGE Transmision 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. CGE Transmision's Revenue for the three months ended in Mar. 2024 was CLP59,309 Mil. CGE Transmision's average Accounts Receivable for the three months ended in Mar. 2024 was CLP31,984 Mil. Hence, CGE Transmision's Receivables Turnover for the three months ended in Mar. 2024 was 1.85.

CGE Transmision Receivables Turnover Historical Data

The historical data trend for CGE Transmision'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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CGE Transmision Receivables Turnover Chart

CGE Transmision Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

2.67

3.96

CGE Transmision Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					0.58	0.93	2.00	2.15	1.85

Competitive Comparison of CGE Transmision's Receivables Turnover

For the Utilities - Regulated Electric subindustry, CGE Transmision'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.

CGE Transmision's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CGE Transmision's Receivables Turnover distribution charts can be found below:

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

CGE Transmision Receivables Turnover Calculation

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

CGE Transmision'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 )
=	233031.015	/ (	(91429.292	+	26333.038)	/	2 )
=	233031.015	/	58881.165
=	3.96

CGE Transmision'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 )
=	59308.503	/ (	(26333.038	+	37634.077)	/	2 )
=	59308.503	/	31983.5575
=	1.85

CGE Transmision (XSGO:CGET) 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.

CGE Transmision Receivables Turnover Related Terms

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CGE Transmision (XSGO:CGET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CGE Transmision SA (XSGO:CGET) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Presidente Riesco 5561, 17th floor, Las Condes, Santiago, CHL

Website

https://www.cgetransmision.cl

CGE Transmision SA engages in electricity transmission. It operates in the electric power transmission sector, mainly in the zonal transmission and dedicated transmission segments. The transmission system is divided into five large segments: National Transmission; Zonal Transmission; Dedicated Transmission; Transmission for development poles; and International Interconnection System.

CGE Transmision (XSGO:CGET) Headlines

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