Eurocash (LTS:0LTM) Receivables Turnover : 5.88 (As of Mar. 2024)

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What is Eurocash 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. Eurocash's Revenue for the three months ended in Mar. 2024 was zł7,625 Mil. Eurocash's average Accounts Receivable for the three months ended in Mar. 2024 was zł1,296 Mil. Hence, Eurocash's Receivables Turnover for the three months ended in Mar. 2024 was 5.88.

Eurocash Receivables Turnover Historical Data

The historical data trend for Eurocash'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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Eurocash Receivables Turnover Chart

Eurocash Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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18.09

18.72

19.90

22.21

23.36

Eurocash 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															5.50	6.24	6.17	5.78	5.88

Competitive Comparison of Eurocash's Receivables Turnover

For the Grocery Stores subindustry, Eurocash'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.

Eurocash's Receivables Turnover Distribution in the Retail - Defensive Industry

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

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

Eurocash Receivables Turnover Calculation

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

Eurocash'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 )
=	32451.963	/ (	(1446.399	+	1331.906)	/	2 )
=	32451.963	/	1389.1525
=	23.36

Eurocash'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 )
=	7624.804	/ (	(1331.906	+	1260.286)	/	2 )
=	7624.804	/	1296.096
=	5.88

Eurocash (LTS:0LTM) 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.

Eurocash Receivables Turnover Related Terms

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Eurocash (LTS:0LTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Eurocash SA (LTS:0LTM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EUR:Poland E07:Germany

Address

Ul. Wisniowa 11, Komorniki, POL, 62-052

Website

https://grupaeurocash.pl

Eurocash SA is a Poland-based company that is principally engaged in distributing fast-moving consumer goods, including food, beverages, household chemicals, tobacco, and other products. The company is mainly involved in wholesale distribution to a broad range of customers, such as small supermarkets, grocery stores, convenience stores, restaurants, hotels and others. The company operates through three core business formats: cash and carry, a nationwide network of discount type warehouses under the brand Eurocash Cash and Carry; franchise systems, which operate under the brand of Delikatesy Centrum; and a distribution business, including Eurocash Distribution, Eurocash Gastronomia (Food Services), Eurocash Alcohols, and Eurocash Servis. The company operates throughout Poland.

Eurocash (LTS:0LTM) Headlines

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