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Empreendimentos Pague Menos (BSP:PGMN3) Receivables Turnover : 5.07 (As of Mar. 2024)


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What is Empreendimentos Pague Menos 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. Empreendimentos Pague Menos's Revenue for the three months ended in Mar. 2024 was R$2,883 Mil. Empreendimentos Pague Menos's average Accounts Receivable for the three months ended in Mar. 2024 was R$569 Mil. Hence, Empreendimentos Pague Menos's Receivables Turnover for the three months ended in Mar. 2024 was 5.07.


Empreendimentos Pague Menos Receivables Turnover Historical Data

The historical data trend for Empreendimentos Pague Menos'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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Empreendimentos Pague Menos Receivables Turnover Chart

Empreendimentos Pague Menos Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.27 16.91 14.30 17.74 21.98

Empreendimentos Pague Menos 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.60 8.19 6.51 5.77 5.07

Competitive Comparison of Empreendimentos Pague Menos's Receivables Turnover

For the Pharmaceutical Retailers subindustry, Empreendimentos Pague Menos'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.


Empreendimentos Pague Menos's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Empreendimentos Pague Menos's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Empreendimentos Pague Menos's Receivables Turnover falls into.



Empreendimentos Pague Menos Receivables Turnover Calculation

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

Empreendimentos Pague Menos'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 )
=11202.122 / ((505.519 + 513.574) / 2 )
=11202.122 / 509.5465
=21.98

Empreendimentos Pague Menos'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 )
=2882.5 / ((513.574 + 624.309) / 2 )
=2882.5 / 568.9415
=5.07

* 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.


Empreendimentos Pague Menos  (BSP:PGMN3) 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.


Empreendimentos Pague Menos Receivables Turnover Related Terms

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Empreendimentos Pague Menos (BSP:PGMN3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Senador Pompeu, no 1.520, Centro, Fortaleza, CE, BRA, CEP 60.025-002
Empreendimentos Pague Menos SA operates a pharmacy chain in Brazil. The company sells (brand) and generic drugs, subject to medical or over-the-counter (OTC) prescription, multivitamin and perfumery products, which include hygiene and beauty articles.

Empreendimentos Pague Menos (BSP:PGMN3) Headlines

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