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ACL Cables (COL:ACL.N0000) Receivables Turnover : 1.60 (As of Jun. 2024)


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What is ACL Cables 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. ACL Cables's Revenue for the three months ended in Jun. 2024 was රු8,726 Mil. ACL Cables's average Accounts Receivable for the three months ended in Jun. 2024 was රු5,437 Mil. Hence, ACL Cables's Receivables Turnover for the three months ended in Jun. 2024 was 1.60.


ACL Cables Receivables Turnover Historical Data

The historical data trend for ACL Cables'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.

ACL Cables Receivables Turnover Chart

ACL Cables Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.57 3.72 6.02 6.81 8.64

ACL Cables Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.31 1.08 1.19 1.41 1.60

Competitive Comparison of ACL Cables's Receivables Turnover

For the Electrical Equipment & Parts subindustry, ACL Cables'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.


ACL Cables's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ACL Cables's Receivables Turnover distribution charts can be found below:

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



ACL Cables Receivables Turnover Calculation

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

ACL Cables's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=29196.329 / ((3484.955 + 3276.372) / 2 )
=29196.329 / 3380.6635
=8.64

ACL Cables's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=8725.804 / ((3276.372 + 7597.083) / 2 )
=8725.804 / 5436.7275
=1.60

* 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.


ACL Cables  (COL:ACL.N0000) 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.


ACL Cables Receivables Turnover Related Terms

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ACL Cables Business Description

Traded in Other Exchanges
N/A
Address
No. 60, Rodney Street, Colombo, LKA, 08
ACL Cables PLC is engaged in the manufacturing of cables and conductors. The company's operating segment includes Manufacturing cables; Manufacturing Polyvinyl chloride (PVC) compound and Others. It generates maximum revenue from the Manufacturing cables segment. Geographically, it derives a majority of revenue from Sri Lanka. Some of the products include building wires, control cables, service wires, telecommunication cables, auto cables, flexible cables, switches, sockets, fans, low voltage switch series, and others.

ACL Cables Headlines

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