Combined Motor Holdings (JSE:CMH) Receivables Turnover : 17.46 (As of Feb. 2025)

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What is Combined Motor Holdings 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. Combined Motor Holdings's Revenue for the six months ended in Feb. 2025 was R6,717 Mil. Combined Motor Holdings's average Accounts Receivable for the six months ended in Feb. 2025 was R385 Mil. Hence, Combined Motor Holdings's Receivables Turnover for the six months ended in Feb. 2025 was 17.46.

Combined Motor Holdings Receivables Turnover Historical Data

The historical data trend for Combined Motor Holdings'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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Combined Motor Holdings Receivables Turnover Chart

Combined Motor Holdings Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Receivables Turnover

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40.20

51.86

48.94

44.27

41.87

Combined Motor Holdings Semi-Annual Data
	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25
Receivables Turnover	Get a 7-Day Free Trial															18.69	17.82	16.28	17.72	17.46

Competitive Comparison of Combined Motor Holdings's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Combined Motor Holdings'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.

Combined Motor Holdings's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Combined Motor Holdings's Receivables Turnover falls into.

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Combined Motor Holdings Receivables Turnover Calculation

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

Combined Motor Holdings's Receivables Turnover for the fiscal year that ended in Feb. 2025 is calculated as

	Receivables Turnover (A: Feb. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2025 )	/ (	(Accounts Receivable (A: Feb. 2024 )	+	Accounts Receivable (A: Feb. 2025 ))	/	count )
=	13251.596	/ (	(300.551	+	332.508)	/	2 )
=	13251.596	/	316.5295
=	41.87

Combined Motor Holdings's Receivables Turnover for the quarter that ended in Feb. 2025 is calculated as

	Receivables Turnover (Q: Feb. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2025 )	/ (	(Accounts Receivable (Q: Aug. 2024 )	+	Accounts Receivable (Q: Feb. 2025 ))	/	count )
=	6717.143	/ (	(436.871	+	332.508)	/	2 )
=	6717.143	/	384.6895
=	17.46

Combined Motor Holdings (JSE:CMH) 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.

Combined Motor Holdings Receivables Turnover Related Terms

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Combined Motor Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Combined Motor Holdings Ltd (JSE:CMH) » Definitions » Receivables Turnover

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Address

1 Wilton Crescent, Umhlanga Ridge, Durban, ZAF, 4319

Website

https://www.cmh.co.za

Combined Motor Holdings Ltd is a South Africa-based investment holding company. The company with its subsidiaries is engaged in retail motor, car hire, and financial services. The company operates in four business segments namely Motor retail and distribution segment which comprises of retail motor dealerships of Volvo, Land Rover, Jaguar, Honda, Ford, Mazda, General Motors, Lexus, Mitsubishi, Volkswagen, Toyota, and Morris Garages, among others which also contributes a majority part of revenue; Car Hire segment; Financial services segment and, Corporate services and others segment. The majority of its revenue is earned from the South African market.

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