CodanASX:CDA -1.25%85 Receivables Turnover is 3.73 as of Dec. 2025. GuruFocus rates ASX:CDA with a GF Score™ of 85/100 and a GF Value™ of A$20.88 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,466 Hardware companies, Codan ranks better than 75.63% on this metric.
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. Codan's Revenue for the
six
months ended in Dec. 2025 was A$393.5 Mil. Codan's average Accounts Receivable for the
six
months ended in Dec. 2025 was A$105.6 Mil.
Hence, Codan's Receivables Turnover for the
six
months ended in Dec. 2025 was 3.73.
Codan (ASX:CDA) 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.
Codan Receivables Turnover Related Terms
Codan Receivables Turnover Historical Data
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The historical data trend for Codan'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.
ASX:CDA vs COHR, KEYS, GRMN: Receivables Turnover Comparison
For the Scientific & Technical Instruments subindustry, Codan'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.
Codan Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Codan's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Codan's Receivables Turnover falls into.
* 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.
Codan (ASX:CDA) has a Receivables Turnover of 3.73 as of Dec. 2025. 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 Codan and its competitors. According to the industry distribution chart, Codan ranks #601 out of 2466 companies in the Hardware industry, placing it in the top 24.4%.
Is Codan's Receivables Turnover too high?
Codan's current Receivables Turnover is 3.73. The Hardware industry median Receivables Turnover is 4.90. Codan's value of 3.73 is 23.9% below this industry median. Based on the distribution chart, Codan ranks #601 out of 2466 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Codan has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Codan's Receivables Turnover compare to COHR and KEYS?
According to the Hardware industry distribution chart, Codan ranks #601 out of 2466 companies for Receivables Turnover. This places Codan in the top 24% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 4.90. Codan's value of 3.73 is 23.9% below 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 Hardware company?
The median Receivables Turnover among Hardware companies is 4.90, based on 2,466 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. Codan's current Receivables Turnover of 3.73 is 23.9% below 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 Codan and its competitors. For the Hardware industry, the median Receivables Turnover is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codan's current Receivables Turnover is 3.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codan stock overvalued right now?
Based on GuruFocus' analysis, Codan (ASX:CDA) is currently considered Significantly Overvalued. The stock's GF Value™ is A$20.88, compared to a current price of A$43.45 — trading 108.1% above its estimated fair value. The current Receivables Turnover is 3.73 and 23.9% below the Hardware industry median of 4.90. Codan's overall GF Score™ is 85/100 with 7 warning signs to review. 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 Codan (ASX:CDA), the current Receivables Turnover is 3.73 as of Dec. 2025. 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.
Is Codan (ASX:CDA) Overvalued in 2026?
Based on GuruFocus' analysis, Codan stock appears to be overvalued.
The current stock price of A$43.45 is trading 108.1% above its estimated GF Value™ of A$20.88.
GuruFocus considers Codan to be Significantly Overvalued.
Key valuation signals for ASX:CDA:
Receivables Turnover: 3.73
GF Value™: A$20.88 vs. price of A$43.45 (108.1% above fair value)
Industry Position: 23.9% below the Hardware median (#601 of 2466)
No single metric tells the full story. See the ASX:CDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Codan designs and sells communications products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communications business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America, and one-fourth is from Europe.
85GF Score
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