Coronation Fund Managers (Coronation Fund Managers) Receivables Turnover : 2.61 (As of Sep. 2023)

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What is Coronation Fund Managers 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. Coronation Fund Managers's Revenue for the six months ended in Sep. 2023 was $96.6 Mil. Coronation Fund Managers's average Accounts Receivable for the six months ended in Sep. 2023 was $37.0 Mil. Hence, Coronation Fund Managers's Receivables Turnover for the six months ended in Sep. 2023 was 2.61.

Coronation Fund Managers Receivables Turnover Historical Data

The historical data trend for Coronation Fund Managers'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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Coronation Fund Managers Receivables Turnover Chart

Coronation Fund Managers Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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6.62

6.07

6.66

4.99

5.13

Coronation Fund Managers Semi-Annual 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															3.02	2.97	2.58	2.59	2.61

Competitive Comparison of Coronation Fund Managers's Receivables Turnover

For the Asset Management subindustry, Coronation Fund Managers'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.

Coronation Fund Managers's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Coronation Fund Managers's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Coronation Fund Managers's Receivables Turnover falls into.

Coronation Fund Managers Receivables Turnover Calculation

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

Coronation Fund Managers's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	192.295	/ (	(38.867	+	36.171)	/	2 )
=	192.295	/	37.519
=	5.13

Coronation Fund Managers'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 )
=	96.595	/ (	(37.789	+	36.171)	/	2 )
=	96.595	/	36.98
=	2.61

Coronation Fund Managers (GREY:COFUF) 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.

Coronation Fund Managers Receivables Turnover Related Terms

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Coronation Fund Managers (Coronation Fund Managers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Coronation Fund Managers Ltd (GREY:COFUF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CML:South Africa N8C:Germany

Address

Cnr Campground and Main Roads, 7th Floor, MontClare Place, Claremont, Cape Town, WC, ZAF, 7708

Website

https://www.coronation.com

Coronation Fund Managers Ltd provides asset management services through segregated and pooled investment vehicles. Clients for the asset manager include pension and provident funds, unit trusts, banks, insurers, and other fund managers. Based out of South Africa, Coronation derives the majority of its revenue from a domestic client base. In addition to managing institutional assets, local retail investors are serviced through non-affiliated channels of independent financial advisors and linked investment service providers. Fund offerings range from income to growth, and also include international portfolios.

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