Electro Cable Egypt (CAI:ELEC) Receivables Turnover: 1.45 (As of Jun. 2023)

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CAI:ELEC Electro Cable Egypt CAI:ELEC
8 GF Score
Price E£2.21
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What is Electro Cable Egypt Receivables Turnover?

Electro Cable Egypt CAI:ELEC -0.90% 8 Receivables Turnover is 1.45 as of Jun. 2023. GuruFocus rates CAI:ELEC with a GF Score™ of 8/100.

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. Electro Cable Egypt's Revenue for the three months ended in Jun. 2023 was E£1,168 Mil. Electro Cable Egypt's average Accounts Receivable for the three months ended in Jun. 2023 was E£808 Mil. Hence, Electro Cable Egypt's Receivables Turnover for the three months ended in Jun. 2023 was 1.45.


Electro Cable Egypt  (CAI:ELEC) 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.


Electro Cable Egypt Receivables Turnover Related Terms


Electro Cable Egypt Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Electro Cable Egypt'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.

Electro Cable Egypt Receivables Turnover Chart

Electro Cable Egypt Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20
Receivables Turnover
0.00 2.76 3.67 2.94 2.18

Electro Cable Egypt Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Mar22 Jun22 Mar23 Jun23
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 0.00 0.00 0.00 1.45 1.45

Electro Cable Egypt Receivables Turnover Competitor Comparison

For the Electrical Equipment & Parts subindustry, Electro Cable Egypt'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.


Electro Cable Egypt Receivables Turnover vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Electro Cable Egypt's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Electro Cable Egypt's Receivables Turnover falls into.


CAI:ELEC
8GF Score
Electro Cable Egypt CAI:ELEC
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Electro Cable Egypt Receivables Turnover Calculation

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

Electro Cable Egypt's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Receivables Turnover (A: Dec. 2020 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2020 ) / ((Accounts Receivable (A: Dec. 2019 ) + Accounts Receivable (A: Dec. 2020 )) / count )
=1740.091 / ((607.051 + 988.952) / 2 )
=1740.091 / 798.0015
=2.18

Electro Cable Egypt's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=1167.993 / ((672.84 + 943.107) / 2 )
=1167.993 / 807.9735
=1.45

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.45 mean?
Electro Cable Egypt (CAI:ELEC) has a Receivables Turnover of 1.45 as of Jun. 2023. The accounts 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. View historical data on Electro Cable Egypt and its competitors.
Is Electro Cable Egypt's Receivables Turnover too high?
Electro Cable Egypt's current Receivables Turnover is 1.45. The Industrial Products industry median Receivables Turnover is 4.45. Electro Cable Egypt's value of 1.45 is 67.4% below this industry median. Overall, Electro Cable Egypt has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Electro Cable Egypt's Receivables Turnover compare to competitors?
Electro Cable Egypt's Receivables Turnover of 1.45 can be compared against companies in the Industrial Products industry. The industry median Receivables Turnover is 4.45. Electro Cable Egypt's value of 1.45 is 67.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.45, based on 3,034 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Electro Cable Egypt's current Receivables Turnover of 1.45 is 67.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Electro Cable Egypt and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electro Cable Egypt's current Receivables Turnover is 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electro Cable Egypt stock overvalued right now?
Electro Cable Egypt (CAI:ELEC) has a current Receivables Turnover of 1.45. The current Receivables Turnover is 1.45 and 67.4% below the Industrial Products industry median of 4.45. Electro Cable Egypt's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Electro Cable Egypt (CAI:ELEC), the current Receivables Turnover is 1.45 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Electro Cable Egypt Business Description

Address Ismaellia Canal Road, Km 4.6,6 th October Road, Mostorod Industrial Zone, Qualubia Governorate, Cairo, EGY
Electro Cable Egypt manufactures and markets power cables and telecommunication cables. Its products portfolio includes Enamelled Copper Wires, Overhead Bare Conductors, Telephone Wires and Cables and others.
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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

E£2.21
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