CSMSF (CosmoSteel Holdings) Receivables Turnover : 0.97 (As of Sep. 2024)

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What is CosmoSteel Holdings 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. CosmoSteel Holdings's Revenue for the six months ended in Sep. 2024 was $26.30 Mil. CosmoSteel Holdings's average Accounts Receivable for the six months ended in Sep. 2024 was $27.13 Mil. Hence, CosmoSteel Holdings's Receivables Turnover for the six months ended in Sep. 2024 was 0.97.

CosmoSteel Holdings Receivables Turnover Historical Data

The historical data trend for CosmoSteel Holdings'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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CosmoSteel Holdings Receivables Turnover Chart

CosmoSteel Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Receivables Turnover

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3.58

2.72

3.97

3.88

2.12

CosmoSteel Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.88	1.88	0.92	1.25	0.97

Competitive Comparison of CosmoSteel Holdings's Receivables Turnover

For the Industrial Distribution subindustry, CosmoSteel Holdings'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.

CosmoSteel Holdings's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, CosmoSteel Holdings's Receivables Turnover distribution charts can be found below:

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

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CosmoSteel Holdings Receivables Turnover Calculation

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

CosmoSteel Holdings's Receivables Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Receivables Turnover (A: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2024 )	/ (	(Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )
=	55.557	/ (	(20.279	+	32.027)	/	2 )
=	55.557	/	26.153
=	2.12

CosmoSteel Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	26.3	/ (	(22.228	+	32.027)	/	2 )
=	26.3	/	27.1275
=	0.97

CosmoSteel Holdings (OTCPK:CSMSF) 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.

CosmoSteel Holdings Receivables Turnover Related Terms

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CosmoSteel Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » CosmoSteel Holdings Ltd (OTCPK:CSMSF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

B9S:Singapore CMR:Germany

Address

14 Lok Yang Way, Singapore, SGP, 628633

Website

https://www.cosmosteel.com

CosmoSteel Holdings Ltd is an investment holding company. Through its subsidiaries, it is engaged in the sale, supply, and machining of flanges, steel fittings, tubings, and pipes for main industries. Its operating segment includes Energy, Marine, Trading, and others. The company generates maximum revenue from the Energy segment which caters to oil and gas, engineering and construction, petrochemical, and power sectors. Geographically, the company generates a majority of its revenue from Singapore and the rest from Brunei, Vietnam, and other regions.

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