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Cyprus Trading (CYS:CTC) Receivables Turnover : 9.63 (As of Jun. 2024)


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What is Cyprus Trading 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. Cyprus Trading's Revenue for the six months ended in Jun. 2024 was €183.2 Mil. Cyprus Trading's average Accounts Receivable for the six months ended in Jun. 2024 was €19.0 Mil. Hence, Cyprus Trading's Receivables Turnover for the six months ended in Jun. 2024 was 9.63.


Cyprus Trading Receivables Turnover Historical Data

The historical data trend for Cyprus Trading'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.

Cyprus Trading Receivables Turnover Chart

Cyprus Trading Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.60 13.26 15.23 17.24 18.99

Cyprus Trading Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 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 8.20 9.79 9.31 9.66 9.63

Competitive Comparison of Cyprus Trading's Receivables Turnover

For the Conglomerates subindustry, Cyprus Trading'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.


Cyprus Trading's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Cyprus Trading's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cyprus Trading's Receivables Turnover falls into.


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Cyprus Trading Receivables Turnover Calculation

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

Cyprus Trading's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=360.415 / ((17.971 + 19.983) / 2 )
=360.415 / 18.977
=18.99

Cyprus Trading'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: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=183.199 / ((19.983 + 18.076) / 2 )
=183.199 / 19.0295
=9.63

* 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.


Cyprus Trading  (CYS:CTC) 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.


Cyprus Trading Receivables Turnover Related Terms

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Cyprus Trading Business Description

Traded in Other Exchanges
N/A
Address
Old Nicosia-Limassol Road, P.O.Box 21744, Athalassa, 200, Lemesos Avenue, Shacolas House, 2025 Strovolos, Nicosia, CYP, 1589
Cyprus Trading Corporation PLC is a holding company. It owns and controls a number of companies, each specializing in a specific industry. The company's five main business sectors include Distribution and Logistics, Retail, Automotive & Engineering, Property development & management, and Infrastructure.

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