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. CME Group's Revenue for the
three
months ended in Mar. 2024 was $1,488 Mil. CME Group's average Accounts Receivable for the
three
months ended in Mar. 2024 was $582 Mil.
Hence, CME Group's Receivables Turnover for the
three
months ended in Mar. 2024 was 2.56.
CME Group Receivables Turnover Historical Data
The historical data trend for CME 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.
Competitive Comparison of CME Group's Receivables Turnover
For the Financial Data & Stock Exchanges subindustry, CME 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.
CME Group's Receivables Turnover Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, CME Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where CME Group's Receivables Turnover falls into.
CME Group Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
CME Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
CME Group (NAS:CME) 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.
CME Group Receivables Turnover Related Terms
Thank you for viewing the detailed overview of CME Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Based in Chicago, CME Group operates exchanges giving investors, suppliers, and businesses the ability to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities. The CME was founded in 1898 and in 2002 completed its initial public offering. Since then, CME Group has consolidated parts of the industry by merging with crosstown rival, CBOT Holdings in 2007 before acquiring Nymex Holdings in 2008 and NEX in 2018. In addition, the company has a 27% stake in S&P Dow Jones Indices, making the Chicago Mercantile Exchange the exclusive venue to trade and clear S&P futures contracts. Through CME's acquisition of NEX in 2018 it has also expanded into cash foreign exchange, fixed income trading, and collateral optimization.
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