Cadiz (CDZI) Receivables Turnover : 1.33 (As of Sep. 2024)

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What is Cadiz 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. Cadiz's Revenue for the three months ended in Sep. 2024 was $3.22 Mil. Cadiz's average Accounts Receivable for the three months ended in Sep. 2024 was $2.43 Mil. Hence, Cadiz's Receivables Turnover for the three months ended in Sep. 2024 was 1.33.

Cadiz Receivables Turnover Historical Data

The historical data trend for Cadiz'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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Cadiz Receivables Turnover Chart

Cadiz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.14

10.40

3.47

4.15

2.93

Cadiz 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															0.57	1.04	0.90	0.32	1.33

Competitive Comparison of Cadiz's Receivables Turnover

For the Utilities - Regulated Water subindustry, Cadiz'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.

Cadiz's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cadiz's Receivables Turnover distribution charts can be found below:

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

Cadiz Receivables Turnover Calculation

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

Cadiz'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 )
=	1.991	/ (	(0.454	+	0.904)	/	2 )
=	1.991	/	0.679
=	2.93

Cadiz'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 )
=	3.224	/ (	(1.619	+	3.243)	/	2 )
=	3.224	/	2.431
=	1.33

Cadiz (NAS:CDZI) 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.

Cadiz Receivables Turnover Related Terms

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Cadiz Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cadiz Inc (NAS:CDZI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

0HS4:UK 2ZC:Germany 2ZC:Germany

Address

550 South Hope Street, Suite 2850, Los Angeles, CA, USA, 90071

Website

https://www.cadizinc.com

Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. The company operates in two segment- Land and Water Resources and ATEC Water Systems LLC.

Executives

Heerema International Group Services Sa	10 percent owner	ROUTE DE FLORISSANT 81, GENEVE V8 1206
Susan P Kennedy	director	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Winston H Hickox	director	C/O THOMAS PROPERTIES GROUP, INC., 515 SOUTH FLOWER STREET, 6TH FLOOR, LOS ANGELES CA 90071
Maria S. Dreyfus	director	125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Scott S Slater	director, officer: Chief Executive Officer	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Kenneth T Lombard	director	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Richard Garcia Polanco	director	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Stephen E Courter	director	C/O CADIZ INC., 550 SOUTH HOPE STREET, 2850, LOS ANGELES X1 90071
Webb De Macias Carolyn D	director	304 NORTH ALMANSOR STREET, ALHAMBRA CA 91801
Maria Echaveste	director	1511 ARCH STREET, BERKELEY CA 94708
Odey Asset Management Llp	10 percent owner	18 UPPER BROOK STREET, LONDON, UNITED KINGDOM X0 W1K 7PU
Odey Holdings Ltd	10 percent owner	18 UPPER BROOK STREET, LONDON X0 W1K 7PU
Odey Robin Crispin William	10 percent owner	18 UPPER BROOK STREET, LONDON, UNITED KINGDOM X0 W1K 7PU
Odey Asset Management Group Ltd	10 percent owner	18 UPPER BROOK STREET, LONDON X0 W1K 7PU
Keith Brackpool	director, officer: Chief Executive Officer	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071