Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) Receivables Turnover : 2.12 (As of Sep. 2023)

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What is Cementos Argos S.A. 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. Cementos Argos S.A.'s Revenue for the three months ended in Sep. 2023 was COP3,086,634.00 Mil. Cementos Argos S.A.'s average Accounts Receivable for the three months ended in Sep. 2023 was COP1,454,990.50 Mil. Hence, Cementos Argos S.A.'s Receivables Turnover for the three months ended in Sep. 2023 was 2.12.

Cementos Argos S.A. Receivables Turnover Historical Data

The historical data trend for Cementos Argos S.A.'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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Cementos Argos S.A. Receivables Turnover Chart

Cementos Argos S.A. Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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7.04

9.29

9.23

9.57

9.41

Cementos Argos S.A. Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.18	2.23	2.30	2.16	2.12

Competitive Comparison of Cementos Argos S.A.'s Receivables Turnover

For the Building Materials subindustry, Cementos Argos S.A.'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.

Cementos Argos S.A.'s Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cementos Argos S.A.'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cementos Argos S.A.'s Receivables Turnover falls into.

Cementos Argos S.A. Receivables Turnover Calculation

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

Cementos Argos S.A.'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 )
=	11684055	/ (	(1130253	+	1353453)	/	2 )
=	11684055	/	1241853
=	9.41

Cementos Argos S.A.'s Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	3086634	/ (	(1500334	+	1409647)	/	2 )
=	3086634	/	1454990.5
=	2.12

Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) 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.

Cementos Argos S.A. Receivables Turnover Related Terms

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Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) » Definitions » Receivables Turnover

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CMTOY:USA CEMARGOS:Columbia

Address

Carrera 53 No. 106 - 280, Centro Empresarial Buenavista, Piso 17, Barranquilla, COL

Website

https://www.argos.co

Cementos Argos S.A. is a cement producing company. In terms of the concrete business it is Colombia's leading producer and the second-largest producer in the United States. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title.

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