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Colorado Peintures (CAS:COL) Receivables Turnover : 1.63 (As of Jun. 2024)


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What is Colorado Peintures 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. Colorado Peintures's Revenue for the six months ended in Jun. 2024 was MAD281.7 Mil. Colorado Peintures's average Accounts Receivable for the six months ended in Jun. 2024 was MAD173.3 Mil. Hence, Colorado Peintures's Receivables Turnover for the six months ended in Jun. 2024 was 1.63.


Colorado Peintures Receivables Turnover Historical Data

The historical data trend for Colorado Peintures'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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Colorado Peintures Receivables Turnover Chart

Colorado Peintures 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 2.60 2.49 3.42 3.55 3.36

Colorado Peintures Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 1.69 1.74 1.60 1.71 1.63

Competitive Comparison of Colorado Peintures's Receivables Turnover

For the Specialty Chemicals subindustry, Colorado Peintures'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.


Colorado Peintures's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Colorado Peintures's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Colorado Peintures's Receivables Turnover falls into.


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Colorado Peintures Receivables Turnover Calculation

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

Colorado Peintures'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 )
=611.402 / ((183.586 + 179.972) / 2 )
=611.402 / 181.779
=3.36

Colorado Peintures's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=281.656 / ((179.972 + 166.614) / 2 )
=281.656 / 173.293
=1.63

* 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.


Colorado Peintures  (CAS:COL) 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.


Colorado Peintures Receivables Turnover Related Terms

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Colorado Peintures Business Description

Traded in Other Exchanges
N/A
Address
Route My Thami Km 15, Commune Rurale Oulad Azouz, Dar Bouazza, Casablanca, MAR, 20100
Colorado Peintures is engaged in the production of architectural paints, coatings as well as decorative paints. The company provides interior paints, exterior paints, automotive refinish, tinting machine, and industrial coatings.

Colorado Peintures Headlines

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