Cettire (ASX:CTT) Receivables Turnover : 19.15 (As of Dec. 2023)

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What is Cettire 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. Cettire's Revenue for the six months ended in Dec. 2023 was A$354.3 Mil. Cettire's average Accounts Receivable for the six months ended in Dec. 2023 was A$18.5 Mil. Hence, Cettire's Receivables Turnover for the six months ended in Dec. 2023 was 19.15.

Cettire Receivables Turnover Historical Data

The historical data trend for Cettire'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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Cettire Receivables Turnover Chart

Cettire Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

269.41

Cettire Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			25.00	21.15	22.05	26.84	19.15

Competitive Comparison of Cettire's Receivables Turnover

For the Luxury Goods subindustry, Cettire'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.

Cettire's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cettire's Receivables Turnover distribution charts can be found below:

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

Cettire Receivables Turnover Calculation

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

Cettire'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 )
=	416.227	/ (	(0	+	0)	/	1 )
=	416.227	/	0
=	N/A

Cettire'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 )
=	354.257	/ (	(0	+	18.495)	/	1 )
=	354.257	/	18.495
=	19.15

Cettire (ASX:CTT) 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.

Cettire Receivables Turnover Related Terms

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Cettire (ASX:CTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Cettire Ltd (ASX:CTT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 William Street, Level 40, Melbourne, VIC, AUS, 3000

Website

https://www.cettire.com

Cettire Ltd is an online luxury goods retailer. The company sells clothing products, accessories, footwear, handbags, and other products. Geographically, it derives a majority of its revenue from the United States.