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Brisanet Participacoes (BSP:BRIT3) Receivables Turnover : 2.15 (As of Sep. 2024)


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What is Brisanet Participacoes 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. Brisanet Participacoes's Revenue for the three months ended in Sep. 2024 was R$365 Mil. Brisanet Participacoes's average Accounts Receivable for the three months ended in Sep. 2024 was R$169 Mil. Hence, Brisanet Participacoes's Receivables Turnover for the three months ended in Sep. 2024 was 2.15.


Brisanet Participacoes Receivables Turnover Historical Data

The historical data trend for Brisanet Participacoes'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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Brisanet Participacoes Receivables Turnover Chart

Brisanet Participacoes Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 6.63 7.32 8.21 7.32 7.63

Brisanet Participacoes Quarterly Data
Dec18 Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.97 1.57 1.90 2.05 2.15

Competitive Comparison of Brisanet Participacoes's Receivables Turnover

For the Telecom Services subindustry, Brisanet Participacoes'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.


Brisanet Participacoes's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Brisanet Participacoes's Receivables Turnover distribution charts can be found below:

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



Brisanet Participacoes Receivables Turnover Calculation

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

Brisanet Participacoes'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 )
=1158.923 / ((140.822 + 163.105) / 2 )
=1158.923 / 151.9635
=7.63

Brisanet Participacoes's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=364.686 / ((168.488 + 170.225) / 2 )
=364.686 / 169.3565
=2.15

* 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.


Brisanet Participacoes  (BSP:BRIT3) 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.


Brisanet Participacoes Receivables Turnover Related Terms

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Brisanet Participacoes Business Description

Traded in Other Exchanges
N/A
Address
Rodovia CE 138 KM 14, s/n, Estrada Carrossal Brisa 1Km, Portao A, Pereiro, CE, BRA, 63460-000
Brisanet Participacoes SA provides telecommunication services. The company offers fiber optic technology and radio, fixed telephony, and VOIP services in Brazil. The services of the company include the provision of telecommunication services such as MCS (Multimedia Communication Service), equipment rental, IT services, radio and optical fiber network installation services, and others.

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