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Capital Appreciation (JSE:CTA) Receivables Turnover : 2.81 (As of Sep. 2023)


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What is Capital Appreciation 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. Capital Appreciation's Revenue for the six months ended in Sep. 2023 was R554 Mil. Capital Appreciation's average Accounts Receivable for the six months ended in Sep. 2023 was R198 Mil. Hence, Capital Appreciation's Receivables Turnover for the six months ended in Sep. 2023 was 2.81.


Capital Appreciation Receivables Turnover Historical Data

The historical data trend for Capital Appreciation'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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Capital Appreciation Receivables Turnover Chart

Capital Appreciation Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial 12.31 14.59 12.78 9.95 6.04

Capital Appreciation Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 4.01 2.52 3.85 2.61 2.81

Competitive Comparison of Capital Appreciation's Receivables Turnover

For the Information Technology Services subindustry, Capital Appreciation'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.


Capital Appreciation's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Capital Appreciation's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Capital Appreciation's Receivables Turnover falls into.



Capital Appreciation Receivables Turnover Calculation

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

Capital Appreciation's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=995.113 / ((129.248 + 200.26) / 2 )
=995.113 / 164.754
=6.04

Capital Appreciation's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=554.161 / ((200.26 + 194.808) / 2 )
=554.161 / 197.534
=2.81

* 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.


Capital Appreciation  (JSE:CTA) 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.


Capital Appreciation Receivables Turnover Related Terms

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Capital Appreciation (JSE:CTA) Business Description

Traded in Other Exchanges
N/A
Address
44 Saturn Crescent, Unit 2, Linbro Business Park, Sandton, Johannesburg, GT, ZAF, 2090
Capital Appreciation Ltd is a South Africa based company that owns, manages, invests in, and promotes established and developing financial technology enterprises, their platforms, solutions, products, and applications. The company operates in Fintech and Financial service sector. The company operates in three segments that include Payments and Payment Infrastructure Services and Software and Services, and an International Divison. The majority of the revenue is generated from the payments division. All of its revenue is generated from South Africa.

Capital Appreciation (JSE:CTA) Headlines