Carbon Revolution (ASX:CBR) Receivables Turnover : 3.66 (As of Jun. 2023)

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What is Carbon Revolution 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. Carbon Revolution's Revenue for the six months ended in Jun. 2023 was A$20.25 Mil. Carbon Revolution's average Accounts Receivable for the six months ended in Jun. 2023 was A$5.53 Mil. Hence, Carbon Revolution's Receivables Turnover for the six months ended in Jun. 2023 was 3.66.

Carbon Revolution Receivables Turnover Historical Data

The historical data trend for Carbon Revolution'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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Carbon Revolution Receivables Turnover Chart

Carbon Revolution Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

4.95

3.84

2.64

3.13

Carbon Revolution Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial			2.25	1.47	1.43	1.46	3.66

Competitive Comparison of Carbon Revolution's Receivables Turnover

For the Auto Parts subindustry, Carbon Revolution'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.

Carbon Revolution's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Carbon Revolution's Receivables Turnover distribution charts can be found below:

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

Carbon Revolution Receivables Turnover Calculation

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

Carbon Revolution'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 )
=	38.26	/ (	(19.062	+	5.383)	/	2 )
=	38.26	/	12.2225
=	3.13

Carbon Revolution'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 )
=	20.251	/ (	(5.674	+	5.383)	/	2 )
=	20.251	/	5.5285
=	3.66

Carbon Revolution (ASX:CBR) 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.

Carbon Revolution Receivables Turnover Related Terms

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Carbon Revolution (ASX:CBR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Carbon Revolution Ltd (ASX:CBR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Pigdons Road, Geelong Technology Precinct, Building NR, Waurn Ponds, Geelong, VIC, AUS, 3216

Website

https://www.carbonrev.com

Carbon Revolution Ltd is a company engaged in the manufacture and sale of carbon fibre wheels and research and development projects related to carbon fibre wheel technology. Geographically, the group has a business presence in Australia and other international countries, of which key revenue is derived from the international countries. It offers products to the global automotive industry.

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