Clean Teq Water (ASX:CNQ) Receivables Turnover : 3.69 (As of Dec. 2023)

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What is Clean Teq Water 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. Clean Teq Water's Revenue for the six months ended in Dec. 2023 was A$7.12 Mil. Clean Teq Water's average Accounts Receivable for the six months ended in Dec. 2023 was A$1.93 Mil. Hence, Clean Teq Water's Receivables Turnover for the six months ended in Dec. 2023 was 3.69.

Clean Teq Water Receivables Turnover Historical Data

The historical data trend for Clean Teq Water'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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Clean Teq Water Receivables Turnover Chart

Clean Teq Water Annual Data

Trend

Jun22

Jun23

Receivables Turnover

21.03

18.12

Clean Teq Water Semi-Annual Data
	Dec20	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	-	5.28	3.90	3.69

Competitive Comparison of Clean Teq Water's Receivables Turnover

For the Utilities - Regulated Water subindustry, Clean Teq Water'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.

Clean Teq Water's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Clean Teq Water's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Clean Teq Water's Receivables Turnover falls into.

Clean Teq Water Receivables Turnover Calculation

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

Clean Teq Water'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 )
=	12.338	/ (	(0.54	+	0.822)	/	2 )
=	12.338	/	0.681
=	18.12

Clean Teq Water's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	7.123	/ (	(0.822	+	3.038)	/	2 )
=	7.123	/	1.93
=	3.69

Clean Teq Water (ASX:CNQ) 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.

Clean Teq Water Receivables Turnover Related Terms

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Clean Teq Water (ASX:CNQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Clean Teq Water Ltd (ASX:CNQ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CNQQF:USA 9NK:Germany

Address

21 Howleys Road, Unit 12, Notting Hill, VIC, AUS, 3168

Website

https://www.cleanteqwater.com

Clean Teq Water Ltd provides inventive metals recovery and water treatment solutions for governments and companies. Its technology solutions include desalination, nutrient removal, zero liquid discharge and hardness removal. It focuses on sectors such as municipal wastewater, surface water, industrial wastewater and mining process water. The company has offices and laboratories in Melbourne, Perth, Beijing and Tianjin, and partner offices in Africa and Latin America.