Prosegur Cash (LTS:0RNO) Receivables Turnover : 1.33 (As of Jun. 2024)

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What is Prosegur Cash 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. Prosegur Cash's Revenue for the three months ended in Jun. 2024 was €528 Mil. Prosegur Cash's average Accounts Receivable for the three months ended in Jun. 2024 was €396 Mil. Hence, Prosegur Cash's Receivables Turnover for the three months ended in Jun. 2024 was 1.33.

Prosegur Cash Receivables Turnover Historical Data

The historical data trend for Prosegur Cash'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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Prosegur Cash Receivables Turnover Chart

Prosegur Cash Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.58

6.07

7.35

8.60

8.31

Prosegur Cash Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.36	1.39	1.20	1.52	1.33

Competitive Comparison of Prosegur Cash's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Prosegur Cash'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.

Prosegur Cash's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Prosegur Cash's Receivables Turnover distribution charts can be found below:

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

Prosegur Cash Receivables Turnover Calculation

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

Prosegur Cash'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 )
=	1861.278	/ (	(231.651	+	216.182)	/	2 )
=	1861.278	/	223.9165
=	8.31

Prosegur Cash's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	527.595	/ (	(402.4	+	389.035)	/	2 )
=	527.595	/	395.7175
=	1.33

Prosegur Cash (LTS:0RNO) 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.

Prosegur Cash Receivables Turnover Related Terms

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Prosegur Cash Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Prosegur Cash SA (LTS:0RNO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PGUCY:USA CASH:Spain PQN:Germany

Address

Calle Santa Sabina, 8, Madrid, ESP, 28007

Website

https://www.prosegurcash.com

Prosegur Cash SA is engaged in the transit business and the outsourcing of services to financial institutions, retail establishments, government agencies and central banks, national mints, jewelers and other business activities around the world. The company's business lines can be categorized into Transport, Cash management, and New Products such as Automation of payments in shops using self-service cash machines, among others. The Business Divisions of the company are divided into three geographical segments: Europe, Asia-Oceania-Africa (AOA) and LatAm. The majority of the revenue is generated from the LatAm segment.

Prosegur Cash Headlines

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