Cocoa Processing Co (XGHA:CPC) Receivables Turnover : 6.28 (As of Sep. 2022)

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What is Cocoa Processing Co 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. Cocoa Processing Co's Revenue for the six months ended in Sep. 2022 was GHS621.9 Mil. Cocoa Processing Co's average Accounts Receivable for the six months ended in Sep. 2022 was GHS99.0 Mil. Hence, Cocoa Processing Co's Receivables Turnover for the six months ended in Sep. 2022 was 6.28.

Cocoa Processing Co Receivables Turnover Historical Data

The historical data trend for Cocoa Processing Co'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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Cocoa Processing Co Receivables Turnover Chart

Cocoa Processing Co Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Sep14

Sep21

Sep22

Receivables Turnover

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4.70

6.28

Cocoa Processing Co Semi-Annual Data
	Sep10	Sep11	Sep12	Sep13	Sep14	Sep21	Sep22
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	4.70	6.28

Competitive Comparison of Cocoa Processing Co's Receivables Turnover

For the Confectioners subindustry, Cocoa Processing Co'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.

Cocoa Processing Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cocoa Processing Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cocoa Processing Co's Receivables Turnover falls into.

Cocoa Processing Co Receivables Turnover Calculation

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

Cocoa Processing Co's Receivables Turnover for the fiscal year that ended in Sep. 2022 is calculated as

	Receivables Turnover (A: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2022 )	/ (	(Accounts Receivable (A: Sep. 2021 )	+	Accounts Receivable (A: Sep. 2022 ))	/	count )
=	621.853	/ (	(127.402	+	70.55)	/	2 )
=	621.853	/	98.976
=	6.28

Cocoa Processing Co's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2021 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	621.853	/ (	(127.402	+	70.55)	/	2 )
=	621.853	/	98.976
=	6.28

Cocoa Processing Co (XGHA:CPC) 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.

Cocoa Processing Co Receivables Turnover Related Terms

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Cocoa Processing Co (XGHA:CPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cocoa Processing Co Ltd (XGHA:CPC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Heavy Industrial Area, Private Mail Bag, Tema, GHA

Website

http://www.goldentreeghana.com

Cocoa Processing Co Ltd manufactures chocolates, confectionery and semi-finished cocoa products such as cocoa butter, cocoa liquor, cocoa cake and cocoa powder from premium cocoa beans grown in Ghana.

Cocoa Processing Co (XGHA:CPC) Headlines

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