Costain Group (LSE:COST) Receivables Turnover : 4.68 (As of Dec. 2023)

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What is Costain 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. Costain Group's Revenue for the six months ended in Dec. 2023 was £668 Mil. Costain Group's average Accounts Receivable for the six months ended in Dec. 2023 was £143 Mil. Hence, Costain Group's Receivables Turnover for the six months ended in Dec. 2023 was 4.68.

Costain Group Receivables Turnover Historical Data

The historical data trend for Costain 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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Costain Group Receivables Turnover Chart

Costain Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.89

12.81

11.20

13.02

13.96

Costain 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															3.39	4.12	5.02	4.57	4.68

Competitive Comparison of Costain Group's Receivables Turnover

For the Engineering & Construction subindustry, Costain 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.

Costain Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Costain Group's Receivables Turnover distribution charts can be found below:

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

Costain Group Receivables Turnover Calculation

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

Costain 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 )
=	1332	/ (	(98.3	+	92.5)	/	2 )
=	1332	/	95.4
=	13.96

Costain 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 )
=	667.6	/ (	(192.7	+	92.5)	/	2 )
=	667.6	/	142.6
=	4.68

Costain Group (LSE:COST) 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.

Costain Group Receivables Turnover Related Terms

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Costain Group (LSE:COST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Costain Group PLC (LSE:COST) » Definitions » Receivables Turnover

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Traded in Other Exchanges

CTNGY:USA COSTl:UK COST.GB:UK 5JY:Germany

Address

Costain House, Vanwall Business Park, Maidenhead, Berkshire, GBR, SL6 4UB

Website

https://www.costain.com

Costain Group PLC offers solutions and services. It provides engineering and technology solutions and advisory and development, design, management, project delivery, technology integration and asset optimization and support services to highways, nuclear, oil and gas, power, water sectors, rail. The company has two segments Transportation and Natural resources. Transportation segment covers highways, rail and nuclear markets and Natural resources segment comprises of water, power and oil and gas markets.