Itausa Investimentos ITAU (BSP:ITSA10.PFD) Receivables Turnover : 1.56 (As of Sep. 2024)

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What is Itausa Investimentos ITAU 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. Itausa Investimentos ITAU's Revenue for the three months ended in Sep. 2024 was R$2,240.00 Mil. Itausa Investimentos ITAU's average Accounts Receivable for the three months ended in Sep. 2024 was R$1,434.50 Mil. Hence, Itausa Investimentos ITAU's Receivables Turnover for the three months ended in Sep. 2024 was 1.56.

Itausa Investimentos ITAU Receivables Turnover Historical Data

The historical data trend for Itausa Investimentos ITAU'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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Itausa Investimentos ITAU Receivables Turnover Chart

Itausa Investimentos ITAU Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.26

4.95

6.12

5.94

5.71

Itausa Investimentos ITAU Quarterly Data
	Dec19	Mar20	Jun20	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															1.40	1.65	1.59	1.50	1.56

Competitive Comparison of Itausa Investimentos ITAU's Receivables Turnover

For the Conglomerates subindustry, Itausa Investimentos ITAU'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.

Itausa Investimentos ITAU's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Itausa Investimentos ITAU's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Itausa Investimentos ITAU's Receivables Turnover falls into.

Itausa Investimentos ITAU Receivables Turnover Calculation

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

Itausa Investimentos ITAU'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 )
=	7383	/ (	(1425	+	1160)	/	2 )
=	7383	/	1292.5
=	5.71

Itausa Investimentos ITAU'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 )
=	2240	/ (	(1385	+	1484)	/	2 )
=	2240	/	1434.5
=	1.56

Itausa Investimentos ITAU (BSP:ITSA10.PFD) 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.

Itausa Investimentos ITAU Receivables Turnover Related Terms

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Itausa Investimentos ITAU Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Itausa Investimentos ITAU SA (BSP:ITSA10.PFD) » Definitions » Receivables Turnover

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ITSA4:Brazil ITSA3:Brazil

Address

Avenue Paulista, 1938, 5th Floor, Bela Vista, Sao Paulo, SP, BRA, 01310-200

Website

https://www.itausa.com.br

Itausa Investimentos ITAU SA is a Brazilian investment holding company. It has equity interests in the companies engaged in the financial, consumer goods, construction materials, sanitation, energy and infrastructure sectors. Its portfolio, consists of brands such as: Itau Unibanco, Dexco, Alpargatas, CCR, Aegea Saneamento, Copa Energia and Nova Transportadora do Sudeste (NTS). Majority of the revenue for the company is generated from Itau Unibanco which is a banking institution that offers, directly or by means of its subsidiaries, a broad range of credit products and other financial services to a diversified individual and corporate client base in Brazil and abroad.

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