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Ceylon Cold Stores (COL:CCS.N0000) Receivables Turnover : 5.57 (As of Mar. 2024)


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What is Ceylon Cold Stores 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. Ceylon Cold Stores's Revenue for the three months ended in Mar. 2024 was රු36,173 Mil. Ceylon Cold Stores's average Accounts Receivable for the three months ended in Mar. 2024 was රු6,498 Mil. Hence, Ceylon Cold Stores's Receivables Turnover for the three months ended in Mar. 2024 was 5.57.


Ceylon Cold Stores Receivables Turnover Historical Data

The historical data trend for Ceylon Cold Stores'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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Ceylon Cold Stores Receivables Turnover Chart

Ceylon Cold Stores 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 23.05 22.48 23.57 28.47 23.50

Ceylon Cold Stores Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.60 7.38 7.04 6.14 5.57

Competitive Comparison of Ceylon Cold Stores's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Ceylon Cold Stores'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.


Ceylon Cold Stores's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Ceylon Cold Stores's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ceylon Cold Stores's Receivables Turnover falls into.



Ceylon Cold Stores Receivables Turnover Calculation

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

Ceylon Cold Stores'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 )
=139624.941 / ((4885.535 + 6998.055) / 2 )
=139624.941 / 5941.795
=23.50

Ceylon Cold Stores's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=36172.674 / ((5997.785 + 6998.055) / 2 )
=36172.674 / 6497.92
=5.57

* 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.


Ceylon Cold Stores  (COL:CCS.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.


Ceylon Cold Stores Receivables Turnover Related Terms

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Ceylon Cold Stores (COL:CCS.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No. 148, Vauxhall Street, Colombo, LKA, 02
Ceylon Cold Stores PLC is a Sri Lankan company that is engaged in the manufacturing and marketing of beverages and frozen confectionery. The company operates through two business segments namely Manufacturing and Supermarkets. It generates maximum revenue from the Supermarkets segment. The company offers carbonated soft drinks, including ginger beer, cream, and apple soda, raspberry flavored Necto, orange-flavored orange crush and orange barley, lemonade, dry ginger ale, and toni, bottled drinking water, energy drinks, and ice creams. Geographically, it derives a majority of its revenue from Sri Lanka.

Ceylon Cold Stores (COL:CCS.N0000) Headlines

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