GRCLY (Grupo Clarin) Receivables Turnover : 1.23 (As of Jun. 2024)

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What is Grupo Clarin 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. Grupo Clarin's Revenue for the three months ended in Jun. 2024 was $77.4 Mil. Grupo Clarin's average Accounts Receivable for the three months ended in Jun. 2024 was $63.0 Mil. Hence, Grupo Clarin's Receivables Turnover for the three months ended in Jun. 2024 was 1.23.

Grupo Clarin Receivables Turnover Historical Data

The historical data trend for Grupo Clarin'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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Grupo Clarin Receivables Turnover Chart

Grupo Clarin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.31

3.55

4.26

4.91

2.73

Grupo Clarin Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															4.11	1.05	3.24	0.78	1.23

Competitive Comparison of Grupo Clarin's Receivables Turnover

For the Entertainment subindustry, Grupo Clarin'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.

Grupo Clarin's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Grupo Clarin's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Grupo Clarin's Receivables Turnover falls into.

Grupo Clarin Receivables Turnover Calculation

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

Grupo Clarin'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 )
=	599.636	/ (	(339.834	+	100.078)	/	2 )
=	599.636	/	219.956
=	2.73

Grupo Clarin'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: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	77.415	/ (	(52.37	+	73.702)	/	2 )
=	77.415	/	63.036
=	1.23

Grupo Clarin (OTCPK:GRCLY) 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.

Grupo Clarin Receivables Turnover Related Terms

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Grupo Clarin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Grupo Clarin SA (OTCPK:GRCLY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GCLA:Argentina

Address

Piedras 1743, Buenos Aires, ARG, C1140ABK

Website

https://www.grupoclarin.com

Grupo Clarin SA is a holding company that operates in the Media industry in Argentina. Its operations include newspaper and other printing, publishing, and advertising activities, broadcast television, radio operations, television content production, online and new media services, and other media-related activities. Its business segments include Printing and Publishing, Broadcasting and Programming, and Others. Print and Digital Publications segments include national and regional newspapers, a sports daily, magazine publishing, editing and distribution, and commercial printing.