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Compania Colombiana de Tejidos Coltejer (BOG:COLTEJER) Receivables Turnover : 0.27 (As of Mar. 2023)


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What is Compania Colombiana de Tejidos Coltejer 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. Compania Colombiana de Tejidos Coltejer's Revenue for the three months ended in Mar. 2023 was COP1,553 Mil. Compania Colombiana de Tejidos Coltejer's average Accounts Receivable for the three months ended in Mar. 2023 was COP5,711 Mil. Hence, Compania Colombiana de Tejidos Coltejer's Receivables Turnover for the three months ended in Mar. 2023 was 0.27.


Compania Colombiana de Tejidos Coltejer Receivables Turnover Historical Data

The historical data trend for Compania Colombiana de Tejidos Coltejer'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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Compania Colombiana de Tejidos Coltejer Receivables Turnover Chart

Compania Colombiana de Tejidos Coltejer Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial 3.51 3.88 3.76 2.03 0.62

Compania Colombiana de Tejidos Coltejer 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 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 0.04 0.05 0.20 0.30 0.27

Competitive Comparison of Compania Colombiana de Tejidos Coltejer's Receivables Turnover

For the Textile Manufacturing subindustry, Compania Colombiana de Tejidos Coltejer'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.


Compania Colombiana de Tejidos Coltejer's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Compania Colombiana de Tejidos Coltejer's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Compania Colombiana de Tejidos Coltejer's Receivables Turnover falls into.



Compania Colombiana de Tejidos Coltejer Receivables Turnover Calculation

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

Compania Colombiana de Tejidos Coltejer'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 )
=3314 / ((0 + 5383) / 1 )
=3314 / 5383
=0.62

Compania Colombiana de Tejidos Coltejer'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 )
=1553 / ((5383 + 6039) / 2 )
=1553 / 5711
=0.27

* 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.


Compania Colombiana de Tejidos Coltejer  (BOG:COLTEJER) 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.


Compania Colombiana de Tejidos Coltejer Receivables Turnover Related Terms

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Compania Colombiana de Tejidos Coltejer Business Description

Traded in Other Exchanges
N/A
Address
Carrera 42, No 54 A-161, Autopista Sur, Itagui, COL
Compania Colombiana de Tejidos Coltejer is principally engaged in the textile industry. Its activities include the production, distribution and sale of natural, artificial and synthetic fibers, fabrics and textiles.

Compania Colombiana de Tejidos Coltejer Headlines

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