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Cosmo Energy Holdings Co (FRA:2LW) Receivables Turnover : 1.78 (As of Mar. 2024)


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What is Cosmo Energy Holdings Co 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. Cosmo Energy Holdings Co's Revenue for the three months ended in Mar. 2024 was €4,399 Mil. Cosmo Energy Holdings Co's average Accounts Receivable for the three months ended in Mar. 2024 was €2,477 Mil. Hence, Cosmo Energy Holdings Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.78.


Cosmo Energy Holdings Co Receivables Turnover Historical Data

The historical data trend for Cosmo Energy Holdings Co'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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Cosmo Energy Holdings Co Receivables Turnover Chart

Cosmo Energy Holdings Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 12.25 9.54 9.40 8.82 7.11

Cosmo Energy Holdings Co 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 1.87 1.84 2.04 1.87 1.78

Competitive Comparison of Cosmo Energy Holdings Co's Receivables Turnover

For the Oil & Gas Integrated subindustry, Cosmo Energy Holdings Co'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.


Cosmo Energy Holdings Co's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cosmo Energy Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cosmo Energy Holdings Co's Receivables Turnover falls into.



Cosmo Energy Holdings Co Receivables Turnover Calculation

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

Cosmo Energy Holdings Co'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 )
=16761.633 / ((2261.275 + 2452.564) / 2 )
=16761.633 / 2356.9195
=7.11

Cosmo Energy Holdings Co'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 )
=4399.062 / ((2501.573 + 2452.564) / 2 )
=4399.062 / 2477.0685
=1.78

* 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.


Cosmo Energy Holdings Co  (FRA:2LW) 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.


Cosmo Energy Holdings Co Receivables Turnover Related Terms

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Cosmo Energy Holdings Co (FRA:2LW) Business Description

Traded in Other Exchanges
Address
1-1-1, Shibaura, Minato-ku, Tokyo, JPN, 105-0023
Cosmo Energy Holdings Co Ltd is a holding company. It is involved in the management of subsidiaries involved in oil ranging from upstream and downstream and other businesses. The company's head office is located at Tokyo and overseas offices located in Abu Dhabi, Beijing and Doha.

Cosmo Energy Holdings Co (FRA:2LW) Headlines

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