Chorus (Chorus) Receivables Turnover : 4.05 (As of Dec. 2023)

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What is Chorus 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. Chorus's Revenue for the six months ended in Dec. 2023 was $313.0 Mil. Chorus's average Accounts Receivable for the six months ended in Dec. 2023 was $77.4 Mil. Hence, Chorus's Receivables Turnover for the six months ended in Dec. 2023 was 4.05.

Chorus Receivables Turnover Historical Data

The historical data trend for Chorus'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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Chorus Receivables Turnover Chart

Chorus Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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5.94

6.77

7.06

7.38

8.62

Chorus 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															3.75	3.80	3.53	3.88	4.05

Competitive Comparison of Chorus's Receivables Turnover

For the Telecom Services subindustry, Chorus'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.

Chorus's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Chorus's Receivables Turnover distribution charts can be found below:

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

Chorus Receivables Turnover Calculation

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

Chorus's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	601.227	/ (	(79.416	+	60.123)	/	2 )
=	601.227	/	69.7695
=	8.62

Chorus'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 )
=	313.006	/ (	(60.123	+	94.586)	/	2 )
=	313.006	/	77.3545
=	4.05

Chorus (OTCPK:CHRYY) 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.

Chorus Receivables Turnover Related Terms

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Chorus (Chorus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Chorus Ltd (OTCPK:CHRYY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CHRUF:USA CNU:New Zealand 7CH:Germany CNU:Australia

Address

1 Willis Street, Level 10, P.O. Box 632, Wellington, NTL, NZL

Website

https://www.chorus.co.nz

Chorus is New Zealand's largest fixed-line communications infrastructure entity, and was demerged in 2011 from Telecom New Zealand. Chorus offers wholesale access to its nationwide copper and fibre network to retail service providers. It also provides backhaul services to retail service providers and connects mobile phone towers. At the end of 2022, Chorus completed the government's rollout of ultra-fast broadband, or UFB, a fibre-to-the-premises network to cover 87% of the population in New Zealand.