Continental Coal (ASX:CCC) Receivables Turnover: 10.05 (As of Jun. 2014)


What is Continental Coal Receivables Turnover?

Continental Coal ASX:CCC Receivables Turnover is 10.05 as of Jun. 2014. The stock has 4 warning signs investors should review.

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. Continental Coal's Revenue for the six months ended in Jun. 2014 was A$30.11 Mil. Continental Coal's average Accounts Receivable for the six months ended in Jun. 2014 was A$3.00 Mil. Hence, Continental Coal's Receivables Turnover for the six months ended in Jun. 2014 was 10.05.

Continental Coal  (ASX:CCC) 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.

Continental Coal Receivables Turnover Related Terms

Continental Coal Receivables Turnover Historical Data

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The historical data trend for Continental Coal'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.

Continental Coal Receivables Turnover Chart

Continental Coal Annual Data
Trend Jun11 Jun12 Jun13 Jun14
Receivables Turnover
7.36 11.99 10.95 18.12

Continental Coal Semi-Annual Data
Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Receivables Turnover Get a 7-Day Free Trial 5.41 3.61 4.55 8.41 10.05

Continental Coal Receivables Turnover Competitor Comparison

For the Coking Coal subindustry, Continental Coal'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.

Continental Coal Receivables Turnover vs Steel Industry

For the Steel industry and Basic Materials sector, Continental Coal's Receivables Turnover distribution charts can be found below:

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


Continental Coal Receivables Turnover Calculation

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

Continental Coal's Receivables Turnover for the fiscal year that ended in Jun. 2014 is calculated as

Receivables Turnover (A: Jun. 2014 )
=Revenue / Average Accounts Receivable
=Revenue (A: Jun. 2014 ) / ((Accounts Receivable (A: Jun. 2013 ) + Accounts Receivable (A: Jun. 2014 )) / count )
=68.706 / ((4.588 + 2.996) / 2 )
=68.706 / 3.792
=18.12

Continental Coal's Receivables Turnover for the quarter that ended in Jun. 2014 is calculated as

Receivables Turnover (Q: Jun. 2014 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2014 ) / ((Accounts Receivable (Q: Dec. 2013 ) + Accounts Receivable (Q: Jun. 2014 )) / count )
=30.109 / ((0 + 2.996) / 1 )
=30.109 / 2.996
=10.05

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 10.05 mean?
Continental Coal (ASX:CCC) has a Receivables Turnover of 10.05 as of Jun. 2014. The accounts 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. View historical data on Continental Coal and its competitors.
Is Continental Coal's Receivables Turnover too high?
Continental Coal's current Receivables Turnover is 10.05. The Steel industry median Receivables Turnover is 7.19. Continental Coal's value of 10.05 is 39.9% above this industry median.
How does Continental Coal's Receivables Turnover compare to competitors?
Continental Coal's Receivables Turnover of 10.05 can be compared against companies in the Steel industry. The industry median Receivables Turnover is 7.19. Continental Coal's value of 10.05 is 39.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Steel company?
The median Receivables Turnover among Steel companies is 7.19, based on 606 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Continental Coal's current Receivables Turnover of 10.05 is 39.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Continental Coal and its competitors. For the Steel industry, the median Receivables Turnover is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Continental Coal's current Receivables Turnover is 10.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Continental Coal stock overvalued right now?
Continental Coal (ASX:CCC) has a current Receivables Turnover of 10.05. The current Receivables Turnover is 10.05 and 39.9% above the Steel industry median of 7.19. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Continental Coal (ASX:CCC), the current Receivables Turnover is 10.05 as of Jun. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Continental Coal Business Description

Address 9th Floor, Fredman Towers, 13 Fredman Drive, Sandton, ZAF, 2196
Continental Coal Ltd is a coal exploration and development company. It is engaged in producing, development and exploration of coal in its projects located in South Africa's coal fields. Its three main operating mines are Vlakvarkfontein, Ferreira and Penumbra mine. Its development projects include De Wittekrans development project; and exploration projects, such as Vaalbank, Leiden and Knapdaar in South Africa, as well as Kweneng and Serowe exploration projects in Botswana.