Cemex Latam Holdings (BOG:CLH) Receivables Turnover : 4.33 (As of Mar. 2023)

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What is Cemex Latam Holdings 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. Cemex Latam Holdings's Revenue for the three months ended in Mar. 2023 was COP989,882 Mil. Cemex Latam Holdings's average Accounts Receivable for the three months ended in Mar. 2023 was COP228,790 Mil. Hence, Cemex Latam Holdings's Receivables Turnover for the three months ended in Mar. 2023 was 4.33.

Cemex Latam Holdings Receivables Turnover Historical Data

The historical data trend for Cemex Latam Holdings'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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Cemex Latam Holdings Receivables Turnover Chart

Cemex Latam Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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11.36

13.08

10.68

16.25

20.46

Cemex Latam Holdings Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Receivables Turnover	Get a 7-Day Free Trial															4.32	3.93	4.36	4.32	4.33

Competitive Comparison of Cemex Latam Holdings's Receivables Turnover

For the Building Materials subindustry, Cemex Latam Holdings'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.

Cemex Latam Holdings's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cemex Latam Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cemex Latam Holdings's Receivables Turnover falls into.

Cemex Latam Holdings Receivables Turnover Calculation

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

Cemex Latam Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	3866294.404	/ (	(177168.783	+	200832.155)	/	2 )
=	3866294.404	/	189000.469
=	20.46

Cemex Latam Holdings's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	989882.35	/ (	(200832.155	+	256747.88)	/	2 )
=	989882.35	/	228790.0175
=	4.33

Cemex Latam Holdings (BOG:CLH) 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.

Cemex Latam Holdings Receivables Turnover Related Terms

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Cemex Latam Holdings (BOG:CLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cemex Latam Holdings SA (BOG:CLH) » Definitions » Receivables Turnover

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Address

Calle 99 Edificio 100 Piso 7, No. 9A - 54, Bogota, Cundinamarca, COL

Website

https://www.cemexlatam.com

Cemex Latam Holdings SA manufactures and sells cement, aggregates, ready-mix concrete, and mortar. The company's customers include the housing and commercial construction industries as well as the infrastructure building industry. The firm also owns a chain of hardware retail stores, which it uses to distribute its products. Cemex organizes itself into four segments based on product: Cement, Concrete, Aggregates, and Other products. The majority of revenue is derived from the cement segment. The company sells its products throughout Central America, Mexico, and South America. The majority of revenue comes from Colombia.