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Coats Group (LSE:COA) Receivables Turnover : 2.55 (As of Dec. 2023)


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What is Coats 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. Coats Group's Revenue for the six months ended in Dec. 2023 was £536 Mil. Coats Group's average Accounts Receivable for the six months ended in Dec. 2023 was £211 Mil. Hence, Coats Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.55.


Coats Group Receivables Turnover Historical Data

The historical data trend for Coats 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.

* Premium members only.

Coats Group Receivables Turnover Chart

Coats Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.62 5.32 5.52 6.00 5.77

Coats Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.41 2.76 2.76 2.66 2.55

Competitive Comparison of Coats Group's Receivables Turnover

For the Textile Manufacturing subindustry, Coats 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.


Coats Group's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Coats Group's Receivables Turnover distribution charts can be found below:

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



Coats Group Receivables Turnover Calculation

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

Coats 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 )
=1101.418 / ((193.345 + 188.099) / 2 )
=1101.418 / 190.722
=5.77

Coats Group'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 )
=536.489 / ((232.927 + 188.099) / 2 )
=536.489 / 210.513
=2.55

* 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.


Coats Group  (LSE:COA) 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.


Coats Group Receivables Turnover Related Terms

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Coats Group (LSE:COA) Business Description

Traded in Other Exchanges
Address
Bridgwater Road, The Pavilions, Bristol, GBR, BS13 8FD
Coats Group PLC is a firm manufacturing thread for industrial and consumer use. Its products portfolio includes industrial thread and knitting yarns used in the apparel and footwear industry with a sales presence in over 100 countries. The company operates its business from across six continents which include Asia, America, Europe, the Middle East and Africa of which Asia accounts for the highest revenue.

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