Cabka NV (FRA:7GW) Receivables Turnover : 3.41 (As of Dec. 2023)

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What is Cabka NV 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. Cabka NV's Revenue for the six months ended in Dec. 2023 was €92.6 Mil. Cabka NV's average Accounts Receivable for the six months ended in Dec. 2023 was €27.2 Mil. Hence, Cabka NV's Receivables Turnover for the six months ended in Dec. 2023 was 3.41.

Cabka NV Receivables Turnover Historical Data

The historical data trend for Cabka NV'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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Cabka NV Receivables Turnover Chart

Cabka NV Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.57

7.13

7.08

6.64

Cabka NV Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	3.58	3.46	3.56	3.41

Competitive Comparison of Cabka NV's Receivables Turnover

For the Packaging & Containers subindustry, Cabka NV'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.

Cabka NV's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Cabka NV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cabka NV's Receivables Turnover falls into.

Cabka NV Receivables Turnover Calculation

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

Cabka NV'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 )
=	196.888	/ (	(31.769	+	27.574)	/	2 )
=	196.888	/	29.6715
=	6.64

Cabka NV's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	92.588	/ (	(26.8	+	27.574)	/	2 )
=	92.588	/	27.187
=	3.41

Cabka NV (FRA:7GW) 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.

Cabka NV Receivables Turnover Related Terms

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Cabka NV (FRA:7GW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Cabka NV (FRA:7GW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CABKA:Netherlands

Address

Johan Cruijff 65-71 Boulevard, Amsterdam, NLD, NL-1101

Website

https://www.cabka.com

Cabka NV is engaged in manufactuirng of pallets and large containers made from recycled plastic.

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