CIA Energetica Do Ceara - COELCE (BSP:COCE5) Receivables Turnover : 1.00 (As of Dec. 2024)

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What is CIA Energetica Do Ceara - COELCE 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 Energetica Do Ceara - COELCE's Revenue for the three months ended in Dec. 2024 was R$2,001 Mil. CIA Energetica Do Ceara - COELCE's average Accounts Receivable for the three months ended in Dec. 2024 was R$2,002 Mil. Hence, CIA Energetica Do Ceara - COELCE's Receivables Turnover for the three months ended in Dec. 2024 was 1.00.

CIA Energetica Do Ceara - COELCE Receivables Turnover Historical Data

The historical data trend for CIA Energetica Do Ceara - COELCE'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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CIA Energetica Do Ceara - COELCE Receivables Turnover Chart

CIA Energetica Do Ceara - COELCE Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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4.09

7.99

4.83

4.45

3.90

CIA Energetica Do Ceara - COELCE Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.07	0.92	0.92	1.13	1.00

Competitive Comparison of CIA Energetica Do Ceara - COELCE's Receivables Turnover

For the Utilities - Regulated Electric subindustry, CIA Energetica Do Ceara - COELCE'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 Energetica Do Ceara - COELCE's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CIA Energetica Do Ceara - COELCE's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CIA Energetica Do Ceara - COELCE's Receivables Turnover falls into.

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CIA Energetica Do Ceara - COELCE Receivables Turnover Calculation

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

CIA Energetica Do Ceara - COELCE's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	7531.475	/ (	(1857.635	+	2003.626)	/	2 )
=	7531.475	/	1930.6305
=	3.90

CIA Energetica Do Ceara - COELCE's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	2001.009	/ (	(1999.496	+	2003.626)	/	2 )
=	2001.009	/	2001.561
=	1.00

CIA Energetica Do Ceara - COELCE (BSP:COCE5) 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 Energetica Do Ceara - COELCE Receivables Turnover Related Terms

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CIA Energetica Do Ceara - COELCE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Energetica Do Ceara - COELCE (BSP:COCE5) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

COCE3:Brazil

Address

R Padre Valdevino 150, Fortaleza, CE, BRA, 60135040

Website

https://www.coelce.com.br

CIA Energetica Do Ceara - COELCE is primarily engaged in the generation and sale of electricity business activities. It also involved in development, distribution, and marketing of electrical power. In addition, the company involved in the distribution of electrical power for industrial, rural, public and residential consumption. It derives most of its revenues from the sale of the electricity business activities and has operations spread across Brazil.

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