Carclo (CHIX:CARL) Receivables Turnover : 3.68 (As of Sep. 2023)

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What is Carclo 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. Carclo's Revenue for the three months ended in Sep. 2023 was £66.9 Mil. Carclo's average Accounts Receivable for the three months ended in Sep. 2023 was £18.2 Mil. Hence, Carclo's Receivables Turnover for the three months ended in Sep. 2023 was 3.68.

Carclo Receivables Turnover Historical Data

The historical data trend for Carclo'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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Carclo Receivables Turnover Chart

Carclo Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.93

5.76

6.98

8.49

9.09

Carclo Quarterly Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															3.03	3.68	3.85	3.62	3.68

Competitive Comparison of Carclo's Receivables Turnover

For the Auto Parts subindustry, Carclo'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.

Carclo's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Carclo's Receivables Turnover distribution charts can be found below:

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

Carclo Receivables Turnover Calculation

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

Carclo's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	143.445	/ (	(14.792	+	16.775)	/	2 )
=	143.445	/	15.7835
=	9.09

Carclo's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	66.921	/ (	(16.775	+	19.578)	/	2 )
=	66.921	/	18.1765
=	3.68

Carclo (CHIX:CARl) 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.

Carclo Receivables Turnover Related Terms

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Carclo (CHIX:CARL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Carclo PLC (CHIX:CARl) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CAR.GB:UK CAR:UK C1Y:Germany

Address

Unit 5, Silkwood Court, Ossett, W Yorks, GBR, WF5 9TP

Website

http://www.carclo-plc.com

Carclo PLC is a technology-led plastics group that is engaged in three segments: CTP, Aerospace, and Central. The CTP segment supplies value-adding engineered solutions for the life science, optical and precision component industries. This business operates internationally in a fast?growing and dynamic market underpinned by rapid technological development. The Aerospace segment supplies systems to the manufacturing and aerospace industries. The central segment relates to central costs and non-trading companies. Geographically, it operates in the regions of the UK, North America, China, and India. The company earns three-fifths of its revenue from medical products, and the balance of the revenue is generated from the automotive industry.

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