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Compagnie de Transports au Maroc (CAS:CTM) Receivables Turnover : 1.36 (As of Jun. 2023)


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What is Compagnie de Transports au Maroc 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. Compagnie de Transports au Maroc's Revenue for the six months ended in Jun. 2023 was MAD293.5 Mil. Compagnie de Transports au Maroc's average Accounts Receivable for the six months ended in Jun. 2023 was MAD215.1 Mil. Hence, Compagnie de Transports au Maroc's Receivables Turnover for the six months ended in Jun. 2023 was 1.36.


Compagnie de Transports au Maroc Receivables Turnover Historical Data

The historical data trend for Compagnie de Transports au Maroc'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.

Compagnie de Transports au Maroc Receivables Turnover Chart

Compagnie de Transports au Maroc Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.24 2.67 1.80 3.57 3.39

Compagnie de Transports au Maroc Semi-Annual Data
Dec12 Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 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 1.53 1.58 1.33 1.58 1.36

Competitive Comparison of Compagnie de Transports au Maroc's Receivables Turnover

For the Railroads subindustry, Compagnie de Transports au Maroc'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.


Compagnie de Transports au Maroc's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Compagnie de Transports au Maroc's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Compagnie de Transports au Maroc's Receivables Turnover falls into.



Compagnie de Transports au Maroc Receivables Turnover Calculation

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

Compagnie de Transports au Maroc's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=605.165 / ((170.67 + 186.42) / 2 )
=605.165 / 178.545
=3.39

Compagnie de Transports au Maroc's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=293.462 / ((186.42 + 243.732) / 2 )
=293.462 / 215.076
=1.36

* 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.


Compagnie de Transports au Maroc  (CAS:CTM) 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.


Compagnie de Transports au Maroc Receivables Turnover Related Terms

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Compagnie de Transports au Maroc (CAS:CTM) Business Description

Traded in Other Exchanges
N/A
Address
Km 13.5 Casa-Rabat Highway, Sidi Bernoussi, Casablanca, MAR, 20600
Compagnie de Transports au Maroc provides transportation services in Morocco. Its services include passenger transportation, express delivery, tourist transportation, among others.