CMO Group (LSE:CMO) Receivables Turnover : 20.67 (As of Jun. 2024)

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What is CMO Group 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. CMO Group's Revenue for the six months ended in Jun. 2024 was £30.33 Mil. CMO Group's average Accounts Receivable for the six months ended in Jun. 2024 was £1.47 Mil. Hence, CMO Group's Receivables Turnover for the six months ended in Jun. 2024 was 20.67.

CMO Group Receivables Turnover Historical Data

The historical data trend for CMO Group'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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CMO Group Receivables Turnover Chart

CMO Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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187.84

185.31

196.25

111.58

97.95

CMO Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial						26.80	23.21	20.40	21.90	20.67

Competitive Comparison of CMO Group's Receivables Turnover

For the Home Improvement Retail subindustry, CMO Group'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.

CMO Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, CMO Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CMO Group's Receivables Turnover falls into.

CMO Group Receivables Turnover Calculation

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

CMO Group'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 )
=	71.504	/ (	(0.957	+	0.503)	/	2 )
=	71.504	/	0.73
=	97.95

CMO Group'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: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	30.327	/ (	(0.503	+	2.431)	/	2 )
=	30.327	/	1.467
=	20.67

CMO Group (LSE:CMO) 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.

CMO Group Receivables Turnover Related Terms

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CMO Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CMO Group PLC (LSE:CMO) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Burrington Way, Burrington Business Park, Plymouth, GBR, PL5 3LX

Website

https://www.cmogroup.com

CMO Group PLC is an online-only retailer of building materials. It is a provider of construction materials through its websites with a digital-first proposition and product choice, supported by quality customer service and technical expertise.