Comelf (LTS:0KXW) Receivables Turnover : 0.72 (As of Mar. 2024)

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What is Comelf 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. Comelf's Revenue for the three months ended in Mar. 2024 was lei40.9 Mil. Comelf's average Accounts Receivable for the three months ended in Mar. 2024 was lei56.4 Mil. Hence, Comelf's Receivables Turnover for the three months ended in Mar. 2024 was 0.72.

Comelf Receivables Turnover Historical Data

The historical data trend for Comelf'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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Comelf Receivables Turnover Chart

Comelf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.12

4.00

4.99

4.65

3.55

Comelf Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.19	1.03	0.95	0.77	0.72

Competitive Comparison of Comelf's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Comelf'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.

Comelf's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Comelf's Receivables Turnover distribution charts can be found below:

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

Comelf Receivables Turnover Calculation

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

Comelf'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 )
=	182.583	/ (	(41.036	+	61.804)	/	2 )
=	182.583	/	51.42
=	3.55

Comelf's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	40.874	/ (	(61.804	+	50.995)	/	2 )
=	40.874	/	56.3995
=	0.72

Comelf (LTS:0KXW) 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.

Comelf Receivables Turnover Related Terms

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Comelf (LTS:0KXW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Comelf SA (LTS:0KXW) » Definitions » Receivables Turnover

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CMF:Romania

Address

No. 4 Industriei Street, Bistrita Nasaud County, Bistrita, ROU, 420063

Website

http://www.comelf.ro

Comelf SA is engaged in the production of engines and turbines. The company manufactures equipment and components for power stations and environmental protection equipment for earthmoving, lifting and transportation equipment, including their sub assemblies, steel structures, weapons ammunition, road transport vehicles and military combat. Its product portfolio includes Bag Filters, scrapers for primary radial settling tanks, Mechanical equipment for methane tank, Equipment for wastewater treatment and others. Its segments consist of Factory of stainless steel products(FPI), Factory for Earth Moving Machinery and Equipment, Bag Filters and Electrostatic Precipitators(FUET) and Factory for Earth Moving Machines and Components(TERRA). The majority of its revenue is generated outside Romania.

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