Controladora AxtelB de CV (Controladora AxtelB de CV) Receivables Turnover : 4.89 (As of Dec. 2022)

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What is Controladora AxtelB de CV 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. Controladora AxtelB de CV's Revenue for the six months ended in Dec. 2022 was $537.5 Mil. Controladora AxtelB de CV's average Accounts Receivable for the six months ended in Dec. 2022 was $109.9 Mil. Hence, Controladora AxtelB de CV's Receivables Turnover for the six months ended in Dec. 2022 was 4.89.

Controladora AxtelB de CV Receivables Turnover Historical Data

The historical data trend for Controladora AxtelB de CV'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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Controladora AxtelB de CV Receivables Turnover Chart

Controladora AxtelB de CV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

4.26

4.15

4.89

Controladora AxtelB de CV Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22
Receivables Turnover	-	4.26	4.15	4.89

Competitive Comparison of Controladora AxtelB de CV's Receivables Turnover

For the Information Technology Services subindustry, Controladora AxtelB de CV'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.

Controladora AxtelB de CV's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Controladora AxtelB de CV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Controladora AxtelB de CV's Receivables Turnover falls into.

Controladora AxtelB de CV Receivables Turnover Calculation

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

Controladora AxtelB de CV's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	537.546	/ (	(121.527	+	98.174)	/	2 )
=	537.546	/	109.8505
=	4.89

Controladora AxtelB de CV's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	537.546	/ (	(121.527	+	98.174)	/	2 )
=	537.546	/	109.8505
=	4.89

Controladora AxtelB de CV (OTCPK:CTLDF) 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.

Controladora AxtelB de CV Receivables Turnover Related Terms

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Controladora AxtelB de CV (Controladora AxtelB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Controladora Axtel SAB de CV (OTCPK:CTLDF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Munich No. 175, Colonia Cuauhtemoc, San Nicolás de los Garza, NL, MEX, 66450

Website

https://www.axtelcorp.mx

Controladora Axtel SAB de CV is an Information and Communication Technology company that serves the business, government, and wholesale markets, through its business units Alestra (services) and Axtel Networks (infrastructure). The business and government portfolio includes advanced solutions for managed networks, collaboration, and information technology (IT) such as systems integration, cloud services, and cybersecurity, among others.

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