Ellaktor (LTS:0K9T) Receivables Turnover : 0.22 (As of Jun. 2023)

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What is Ellaktor 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. Ellaktor's Revenue for the three months ended in Jun. 2023 was €94.86 Mil. Ellaktor's average Accounts Receivable for the three months ended in Jun. 2023 was €422.75 Mil. Hence, Ellaktor's Receivables Turnover for the three months ended in Jun. 2023 was 0.22.

Ellaktor Receivables Turnover Historical Data

The historical data trend for Ellaktor'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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Ellaktor Receivables Turnover Chart

Ellaktor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.70

1.21

1.32

0.58

0.77

Ellaktor Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.14	0.30	-	0.22	-

Competitive Comparison of Ellaktor's Receivables Turnover

For the Engineering & Construction subindustry, Ellaktor'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.

Ellaktor's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ellaktor's Receivables Turnover distribution charts can be found below:

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

Ellaktor Receivables Turnover Calculation

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

Ellaktor'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 )
=	387.457	/ (	(702.718	+	307.319)	/	2 )
=	387.457	/	505.0185
=	0.77

Ellaktor's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	94.855	/ (	(702.718	+	142.78)	/	2 )
=	94.855	/	422.749
=	0.22

Ellaktor (LTS:0K9T) 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.

Ellaktor Receivables Turnover Related Terms

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Ellaktor (LTS:0K9T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ellaktor SA (LTS:0K9T) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ELLAKTOR:Greece HLL:Germany

Address

25 Ermou Street, Lamia National Road, Kifissia, Attica, Olympic Village Interchange, Athens, GRC, 14564

Website

http://www.ellaktor.com

Ellaktor SA is an international holding group based in Greece with long-term investments in key fields, including construction, environment, and participation in concession projects. It operates mainly in constructions and quarrying, real estate development and management, wind power and environment, and concession sectors. The group operates in over 25 countries across the world. The company operates in five business segments, Construction, Concessions, Environment, Renewable Energy Sources and Real Estate Development & Services. Most of the revenue is generated from Construction & Quarries segment.

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