CCHBF (Coca-Cola HBC AG) Receivables Turnover : 3.93 (As of Jun. 2024)

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What is Coca-Cola HBC AG 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. Coca-Cola HBC AG's Revenue for the six months ended in Jun. 2024 was $5,571 Mil. Coca-Cola HBC AG's average Accounts Receivable for the six months ended in Jun. 2024 was $1,417 Mil. Hence, Coca-Cola HBC AG's Receivables Turnover for the six months ended in Jun. 2024 was 3.93.

Coca-Cola HBC AG Receivables Turnover Historical Data

The historical data trend for Coca-Cola HBC AG'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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Coca-Cola HBC AG Receivables Turnover Chart

Coca-Cola HBC AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.50

9.70

10.97

11.81

12.38

Coca-Cola HBC AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															3.85	4.47	4.34	4.34	3.93

Competitive Comparison of Coca-Cola HBC AG's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC AG'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.

Coca-Cola HBC AG's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola HBC AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Coca-Cola HBC AG's Receivables Turnover falls into.

Coca-Cola HBC AG Receivables Turnover Calculation

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

Coca-Cola HBC AG'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 )
=	11105.78	/ (	(852.542	+	941.33)	/	2 )
=	11105.78	/	896.936
=	12.38

Coca-Cola HBC AG's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	5571.152	/ (	(941.33	+	1891.927)	/	2 )
=	5571.152	/	1416.6285
=	3.93

Coca-Cola HBC AG (OTCPK:CCHBF) 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.

Coca-Cola HBC AG Receivables Turnover Related Terms

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Coca-Cola HBC AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola HBC AG (OTCPK:CCHBF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CCHGY:USA EEE:Greece CCHl:UK CCH:UK CCKC:Germany C0Q:Germany CCKC:Germany C0Q:Germany

Address

Turmstrasse 26, Steinhausen, CHE, CH-6312

Website

https://www.coca-colahellenic.com

Coca-Cola HBC is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa and Coca-Cola Europacific Partners. In 2023, CCHBC sold 2.8 billion unit cases of beverages. For context, Coke's largest bottler, Coke Femsa, sold 4 billion unit cases in Latin America, and the second-largest—CCEP, serving Europe, Southeast Asia, and the South Pacific region—sold 3.3 billion unit cases. There is a long tail of Coca-Cola distributors, including brewers and independent operators with very small distribution territories.CCHBC is listed on the London Stock Exchange. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of CCHBC, and Coca-Cola holds a further 21%. The remaining 56% is free float.