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Coral Products (LSE:CRU) Receivables Turnover : 2.25 (As of Apr. 2024)


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What is Coral Products 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. Coral Products's Revenue for the six months ended in Apr. 2024 was £13.81 Mil. Coral Products's average Accounts Receivable for the six months ended in Apr. 2024 was £6.14 Mil. Hence, Coral Products's Receivables Turnover for the six months ended in Apr. 2024 was 2.25.


Coral Products Receivables Turnover Historical Data

The historical data trend for Coral Products'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.

Coral Products Receivables Turnover Chart

Coral Products Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.08 3.41 5.49 7.82 5.47

Coral Products Semi-Annual Data
Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
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 2.39 3.09 2.36 2.54 2.25

Competitive Comparison of Coral Products's Receivables Turnover

For the Packaging & Containers subindustry, Coral Products'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.


Coral Products's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Coral Products's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Coral Products's Receivables Turnover falls into.



Coral Products Receivables Turnover Calculation

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

Coral Products's Receivables Turnover for the fiscal year that ended in Apr. 2024 is calculated as

Receivables Turnover (A: Apr. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Apr. 2024 ) / ((Accounts Receivable (A: Apr. 2023 ) + Accounts Receivable (A: Apr. 2024 )) / count )
=30.991 / ((6.282 + 5.052) / 2 )
=30.991 / 5.667
=5.47

Coral Products's Receivables Turnover for the quarter that ended in Apr. 2024 is calculated as

Receivables Turnover (Q: Apr. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Apr. 2024 ) / ((Accounts Receivable (Q: Oct. 2023 ) + Accounts Receivable (Q: Apr. 2024 )) / count )
=13.814 / ((7.22 + 5.052) / 2 )
=13.814 / 6.136
=2.25

* 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.


Coral Products  (LSE:CRU) 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.


Coral Products Receivables Turnover Related Terms

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Coral Products Business Description

Traded in Other Exchanges
N/A
Address
Southmoor Road, Roundthorn Industrial Estate, Wythenshawe, Manchester, GBR, M23 9DS
Coral Products PLC is a plastic injection and extrusion molded products manufacturer. The company serves diverse sectors including food packaging, personal care, household, healthcare, automotive, online totes, telecoms, and rail. The majority of the company revenues are generated from the United Kingdom business.