Consorcio AraB de CV (Consorcio AraB de CV) Receivables Turnover : 2.55 (As of Sep. 2023)

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What is Consorcio AraB de CV 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. Consorcio AraB de CV's Revenue for the three months ended in Sep. 2023 was $100.4 Mil. Consorcio AraB de CV's average Accounts Receivable for the three months ended in Sep. 2023 was $39.4 Mil. Hence, Consorcio AraB de CV's Receivables Turnover for the three months ended in Sep. 2023 was 2.55.

Consorcio AraB de CV Receivables Turnover Historical Data

The historical data trend for Consorcio AraB de CV'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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Consorcio AraB de CV Receivables Turnover Chart

Consorcio AraB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

Get a 7-Day Free Trial

13.20

14.00

8.29

8.94

10.87

Consorcio AraB de CV 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															2.57	2.95	2.69	2.94	2.55

Competitive Comparison of Consorcio AraB de CV's Receivables Turnover

For the Residential Construction subindustry, Consorcio AraB de CV'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.

Consorcio AraB de CV's Receivables Turnover Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Consorcio AraB de CV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Consorcio AraB de CV's Receivables Turnover falls into.

Consorcio AraB de CV Receivables Turnover Calculation

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

Consorcio AraB de CV'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 )
=	356.77	/ (	(31.798	+	33.836)	/	2 )
=	356.77	/	32.817
=	10.87

Consorcio AraB de CV'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 )
=	100.424	/ (	(38.397	+	40.429)	/	2 )
=	100.424	/	39.413
=	2.55

Consorcio AraB de CV (OTCPK:CNRFF) 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.

Consorcio AraB de CV Receivables Turnover Related Terms

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Consorcio AraB de CV (Consorcio AraB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Consorcio Ara SAB de CV (OTCPK:CNRFF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ARA:Mexico 4GJ:Germany

Address

Paseo de Tamarindos No. 90, Torre 1, Arcos Bosques Marco II, Piso 25, Bosques de las Lomas, Mexico, DF, MEX, 05120

Website

http://www.consorcioara.com.mx

Consorcio Ara SAB de CV is a Mexican housing development company. The company designs, develops, constructs, and markets low income, affordable entry level, middle income, and residential housing developments. In addition, the group rents mini-supermarkets under operating leases in Mexico. Consorcio derives the majority of its revenue offering its services to middle-income sector.

Consorcio AraB de CV (Consorcio AraB de CV) Headlines

From GuruFocus

Q4 2023 Consorcio Ara SAB de CV Earnings Call Transcript

By GuruFocus Research • 02-28-2024