CPP Group (FRA:4CV1) Receivables Turnover : 9.59 (As of Dec. 2023)

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What is CPP Group 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. CPP Group's Revenue for the six months ended in Dec. 2023 was €115.5 Mil. CPP Group's average Accounts Receivable for the six months ended in Dec. 2023 was €12.0 Mil. Hence, CPP Group's Receivables Turnover for the six months ended in Dec. 2023 was 9.59.

CPP Group Receivables Turnover Historical Data

The historical data trend for CPP Group'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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CPP Group Receivables Turnover Chart

CPP Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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17.71

14.82

18.50

23.79

31.05

CPP Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															7.54	6.62	8.19	8.78	9.59

Competitive Comparison of CPP Group's Receivables Turnover

For the Specialty Business Services subindustry, CPP Group'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.

CPP Group's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CPP Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CPP Group's Receivables Turnover falls into.

CPP Group Receivables Turnover Calculation

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

CPP Group'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 )
=	224.068	/ (	(7.582	+	6.851)	/	2 )
=	224.068	/	7.2165
=	31.05

CPP Group's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	115.513	/ (	(17.248	+	6.851)	/	2 )
=	115.513	/	12.0495
=	9.59

CPP Group (FRA:4CV1) 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.

CPP Group Receivables Turnover Related Terms

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CPP Group (FRA:4CV1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CPP Group PLC (FRA:4CV1) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CPP.GB:UK CPP:UK

Address

6 East Parade, Leeds, GBR, LS1 2AD

Website

https://corporate.cppgroup.com

CPP Group PLC is a UK-based company engaged in the provision of assistance products and services to customers. The Group is managed on the basis of five broad business units: India (CPP India and Globiva); Turkey; Blink; Central Functions: central cost base required to provide expertise and operate a listed group. Central Functions is stated after the recharge of certain central costs that are appropriate to transfer to the relevant geographies for statutory purposes; and Legacy (UK MGA, UK Legacy, Spain, Portugal and Italy). The company's portfolio of assistance products is distributed across the financial services and telecommunications sectors in the UK and overseas. It has its business spread across India, the United Kingdom, Spain, and Other countries.

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