CIMIC Group (ASX:CIM) Receivables Turnover : 2.30 (As of Dec. 2021)

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What is CIMIC Group 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. CIMIC Group's Revenue for the six months ended in Dec. 2021 was A$5,091 Mil. CIMIC Group's average Accounts Receivable for the six months ended in Dec. 2021 was A$2,216 Mil. Hence, CIMIC Group's Receivables Turnover for the six months ended in Dec. 2021 was 2.30.

CIMIC Group Receivables Turnover Historical Data

The historical data trend for CIMIC 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.

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CIMIC Group Receivables Turnover Chart

CIMIC Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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4.18

4.63

4.40

2.85

4.57

CIMIC Group Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Receivables Turnover	Get a 7-Day Free Trial															2.07	1.64	0.55	2.27	2.30

Competitive Comparison of CIMIC Group's Receivables Turnover

For the Engineering & Construction subindustry, CIMIC 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.

CIMIC Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, CIMIC Group's Receivables Turnover distribution charts can be found below:

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

CIMIC Group Receivables Turnover Calculation

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

CIMIC Group's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	9686.6	/ (	(1929.8	+	2308.2)	/	2 )
=	9686.6	/	2119
=	4.57

CIMIC Group's Receivables Turnover for the quarter that ended in Dec. 2021 is calculated as

	Receivables Turnover (Q: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2021 )	/ (	(Accounts Receivable (Q: Jun. 2021 )	+	Accounts Receivable (Q: Dec. 2021 ))	/	count )
=	5090.7	/ (	(2123.5	+	2308.2)	/	2 )
=	5090.7	/	2215.85
=	2.30

CIMIC Group (ASX:CIM) 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.

CIMIC Group Receivables Turnover Related Terms

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CIMIC Group (ASX:CIM) Business Description

Industry

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Address

177 Pacific Highway, Level 25, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.cimic.com.au

Cimic is Australia's largest contractor, providing engineering, construction, contract mining services to the infrastructure, mining, energy, and property sectors. The business structure consists of construction, contract mining, public-private partnerships, and property, along with 45%-owned Habtoor Leighton. Cimic has exited its Middle East business. ACS/Hochtief owns 79% of Cimic. Cimic will be compulsorily acquired by major shareholder Hochtief.