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Karelia Tobacco Co (ATH:KARE) Receivables Turnover : 13.54 (As of Jun. 2024)


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What is Karelia Tobacco Co 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. Karelia Tobacco Co's Revenue for the three months ended in Jun. 2024 was €387 Mil. Karelia Tobacco Co's average Accounts Receivable for the three months ended in Jun. 2024 was €29 Mil. Hence, Karelia Tobacco Co's Receivables Turnover for the three months ended in Jun. 2024 was 13.54.


Karelia Tobacco Co Receivables Turnover Historical Data

The historical data trend for Karelia Tobacco Co'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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Karelia Tobacco Co Receivables Turnover Chart

Karelia Tobacco Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.92 78.52 94.50 95.41 87.28

Karelia Tobacco Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.78 13.48 15.55 14.45 13.54

Competitive Comparison of Karelia Tobacco Co's Receivables Turnover

For the Tobacco subindustry, Karelia Tobacco Co'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.


Karelia Tobacco Co's Receivables Turnover Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Karelia Tobacco Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Karelia Tobacco Co's Receivables Turnover falls into.



Karelia Tobacco Co Receivables Turnover Calculation

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

Karelia Tobacco Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=1324.157 / ((14.115 + 16.227) / 2 )
=1324.157 / 15.171
=87.28

Karelia Tobacco Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=387.41 / ((27.949 + 29.283) / 2 )
=387.41 / 28.616
=13.54

* 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.


Karelia Tobacco Co  (ATH:KARE) 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.


Karelia Tobacco Co Receivables Turnover Related Terms

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Karelia Tobacco Co Business Description

Traded in Other Exchanges
N/A
Address
Athinon Street, Kalamata, GRC, 24100
Karelia Tobacco Co Inc SA is in the business of manufacture, export, and wholesale of tobacco products such as cigarettes, cigars, hand-rolling cigarettes and other duty-free tobacco products. The firm's flagship brands include George Karelias and Sons, Slims, Ome, Karelia blue and American Legend. Its geographical segment includes Greece and International. The company derives a majority of revenue from Greece segment.

Karelia Tobacco Co Headlines

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