Fomento Economico MexicanoB de CV (Fomento Economico MexicanoB de CV) Receivables Turnover : 4.93 (As of Mar. 2024)

View and export this data going back to 1998. Start your Free Trial

What is Fomento Economico MexicanoB 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. Fomento Economico MexicanoB de CV's Revenue for the three months ended in Mar. 2024 was $10,738 Mil. Fomento Economico MexicanoB de CV's average Accounts Receivable for the three months ended in Mar. 2024 was $2,179 Mil. Hence, Fomento Economico MexicanoB de CV's Receivables Turnover for the three months ended in Mar. 2024 was 4.93.

Fomento Economico MexicanoB de CV Receivables Turnover Historical Data

The historical data trend for Fomento Economico MexicanoB 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.

* Premium members only.

Fomento Economico MexicanoB de CV Receivables Turnover Chart

Fomento Economico MexicanoB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

18.95

17.58

17.12

17.07

20.27

Fomento Economico MexicanoB de CV 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															4.10	4.59	4.03	4.16	4.93

Competitive Comparison of Fomento Economico MexicanoB de CV's Receivables Turnover

For the Beverages - Brewers subindustry, Fomento Economico MexicanoB 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.

Fomento Economico MexicanoB de CV's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fomento Economico MexicanoB de CV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fomento Economico MexicanoB de CV's Receivables Turnover falls into.

Fomento Economico MexicanoB de CV Receivables Turnover Calculation

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

Fomento Economico MexicanoB de CV'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 )
=	41397.533	/ (	(2057.191	+	2028.072)	/	2 )
=	41397.533	/	2042.6315
=	20.27

Fomento Economico MexicanoB de CV'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 )
=	10737.603	/ (	(2028.072	+	2330.827)	/	2 )
=	10737.603	/	2179.4495
=	4.93

Fomento Economico MexicanoB de CV (NYSE:FMX) 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.

Fomento Economico MexicanoB de CV Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Fomento Economico MexicanoB de CV's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Fomento Economico MexicanoB de CV (Fomento Economico MexicanoB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fomento Economico Mexicano SAB de CV (NYSE:FMX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FMXUF:USA FEMSAUB:Mexico FEMSAUBD:Mexico FOMC:Germany FOMA:Germany FMX:Argentina

Address

General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410

Website

https://www.femsa.com

Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm has digested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 70% of total company revenue and around 75% of profits in 2022.