Close The Loop (ASX:CLG) Receivables Turnover : 2.94 (As of Dec. 2024)

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What is Close The Loop 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. Close The Loop's Revenue for the six months ended in Dec. 2024 was A$99.4 Mil. Close The Loop's average Accounts Receivable for the six months ended in Dec. 2024 was A$33.8 Mil. Hence, Close The Loop's Receivables Turnover for the six months ended in Dec. 2024 was 2.94.

Close The Loop Receivables Turnover Historical Data

The historical data trend for Close The Loop'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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Close The Loop Receivables Turnover Chart

Close The Loop Annual Data

Trend

Jun22

Jun23

Jun24

Receivables Turnover

3.99

6.33

6.86

Close The Loop Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			2.83	3.14	3.77	3.26	2.94

Competitive Comparison of Close The Loop's Receivables Turnover

For the Waste Management subindustry, Close The Loop'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.

Close The Loop's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Close The Loop's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Close The Loop's Receivables Turnover falls into.

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Close The Loop Receivables Turnover Calculation

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

Close The Loop's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	212.962	/ (	(25.362	+	36.717)	/	2 )
=	212.962	/	31.0395
=	6.86

Close The Loop's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	99.403	/ (	(36.717	+	30.926)	/	2 )
=	99.403	/	33.8215
=	2.94

Close The Loop (ASX:CLG) 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.

Close The Loop Receivables Turnover Related Terms

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Close The Loop Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (ASX:CLG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167

Website

https://www.ctlgroup.com.au

Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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