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CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) Receivables Turnover : 2.87 (As of Dec. 2023)


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What is CIA de Gas deo Paulo - COMGAS 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. CIA de Gas deo Paulo - COMGAS's Revenue for the three months ended in Dec. 2023 was R$3,726 Mil. CIA de Gas deo Paulo - COMGAS's average Accounts Receivable for the three months ended in Dec. 2023 was R$1,298 Mil. Hence, CIA de Gas deo Paulo - COMGAS's Receivables Turnover for the three months ended in Dec. 2023 was 2.87.


CIA de Gas deo Paulo - COMGAS Receivables Turnover Historical Data

The historical data trend for CIA de Gas deo Paulo - COMGAS'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.

* Premium members only.

CIA de Gas deo Paulo - COMGAS Receivables Turnover Chart

CIA de Gas deo Paulo - COMGAS 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 11.54 8.52 9.96 11.44 10.48

CIA de Gas deo Paulo - COMGAS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.32 2.50 2.52 2.37 2.87

Competitive Comparison of CIA de Gas deo Paulo - COMGAS's Receivables Turnover

For the Utilities - Regulated Gas subindustry, CIA de Gas deo Paulo - COMGAS'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.


CIA de Gas deo Paulo - COMGAS's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CIA de Gas deo Paulo - COMGAS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CIA de Gas deo Paulo - COMGAS's Receivables Turnover falls into.



CIA de Gas deo Paulo - COMGAS Receivables Turnover Calculation

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

CIA de Gas deo Paulo - COMGAS'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 )
=15158.674 / ((1595.449 + 1298.314) / 2 )
=15158.674 / 1446.8815
=10.48

CIA de Gas deo Paulo - COMGAS'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=3726.333 / ((0 + 1298.314) / 1 )
=3726.333 / 1298.314
=2.87

* 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.


CIA de Gas deo Paulo - COMGAS  (BSP:CGAS3) 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.


CIA de Gas deo Paulo - COMGAS Receivables Turnover Related Terms

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CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) Business Description

Traded in Other Exchanges
Address
Brigadeiro Faria Lima Avenue, 4,100 / 4th floor, Itaim Bibi, SP, BRA, 04538-132
CIA de Gas de Sao Paulo - COMGAS distributes piped natural gas in part of the State of Sao Paulo for consumers in the industrial, residential, commercial, automotive, thermal generation and cogeneration sectors.

CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) Headlines

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