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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. Coda Octopus Group's Revenue for the
three
months ended in Apr. 2026 was $6.90 Mil. Coda Octopus Group's average Accounts Receivable for the
three
months ended in Apr. 2026 was $4.37 Mil.
Hence, Coda Octopus Group's Receivables Turnover for the
three
months ended in Apr. 2026 was 1.58.
Coda Octopus Group (NAS:CODA) 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.
Coda Octopus Group Receivables Turnover Related Terms
Coda Octopus Group Receivables Turnover Historical Data
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The historical data trend for Coda Octopus Group'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.
CODA vs VWAV, HOVR, OPXS: Receivables Turnover Comparison
For the Aerospace & Defense subindustry, Coda Octopus Group'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.
Coda Octopus Group Receivables Turnover vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Coda Octopus Group's Receivables Turnover falls into.
* 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.
Coda Octopus Group (CODA) has a Receivables Turnover of 1.58 as of Apr. 2026. 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 Coda Octopus Group and its competitors. According to the industry distribution chart, Coda Octopus Group ranks #145 out of 346 companies in the Aerospace & Defense industry, placing it in the top 41.9%.
Is Coda Octopus Group's Receivables Turnover too high?
Coda Octopus Group's current Receivables Turnover is 1.58. The Aerospace & Defense industry median Receivables Turnover is 5.64. Coda Octopus Group's value of 1.58 is 72% below this industry median. Based on the distribution chart, Coda Octopus Group ranks #145 out of 346 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Coda Octopus Group has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coda Octopus Group's Receivables Turnover compare to VWAV and HOVR?
According to the Aerospace & Defense industry distribution chart, Coda Octopus Group ranks #145 out of 346 companies for Receivables Turnover. This puts Coda Octopus Group in the upper half of its industry. The industry median Receivables Turnover is 5.64. Coda Octopus Group's value of 1.58 is 72% 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 Aerospace & Defense company?
The median Receivables Turnover among Aerospace & Defense companies is 5.64, based on 346 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. Coda Octopus Group's current Receivables Turnover of 1.58 is 72% 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 Coda Octopus Group and its competitors. For the Aerospace & Defense industry, the median Receivables Turnover is 5.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coda Octopus Group's current Receivables Turnover is 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coda Octopus Group stock overvalued right now?
Based on GuruFocus' analysis, Coda Octopus Group (CODA) is currently considered Fairly Valued. The stock's GF Value™ is $10.15, compared to a current price of $10.01 — trading 1.4% below its estimated fair value. The current Receivables Turnover is 1.58 and 72% below the Aerospace & Defense industry median of 5.64. Coda Octopus Group's overall GF Score™ is 89/100 with 1 warning sign to review. 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 Coda Octopus Group (CODA), the current Receivables Turnover is 1.58 as of Apr. 2026. 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.
Is Coda Octopus Group (CODA) Overvalued in 2026?
Based on GuruFocus' analysis, Coda Octopus Group stock appears to be undervalued.
The current stock price of $10.01 is trading 1.4% below its estimated GF Value™ of $10.15.
GuruFocus considers Coda Octopus Group to be Fairly Valued.
Key valuation signals for CODA:
Receivables Turnover: 1.58
GF Value™: $10.15 vs. price of $10.01 (1.4% below fair value)
Industry Position: 72% below the Aerospace & Defense median (#145 of 346)
No single metric tells the full story. See the CODA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. The company operates in three distinct business segments: the Marine Technology business, Acoustic Sensors and Material Business and the Defense Engineering Services Business. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Products segment.
89GF Score
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