The Convenience Shop Holding (MAL:CVS) Receivables Turnover : 14.49 (As of Dec. 2023)

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What is The Convenience Shop Holding 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. The Convenience Shop Holding's Revenue for the six months ended in Dec. 2023 was €24.25 Mil. The Convenience Shop Holding's average Accounts Receivable for the six months ended in Dec. 2023 was €1.67 Mil. Hence, The Convenience Shop Holding's Receivables Turnover for the six months ended in Dec. 2023 was 14.49.

The Convenience Shop Holding Receivables Turnover Historical Data

The historical data trend for The Convenience Shop Holding'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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The Convenience Shop Holding Receivables Turnover Chart

The Convenience Shop Holding Annual Data

Trend

Dec22

Dec23

Receivables Turnover

41.76

34.74

The Convenience Shop Holding Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	22.63	22.10	14.49

Competitive Comparison of The Convenience Shop Holding's Receivables Turnover

For the Department Stores subindustry, The Convenience Shop Holding'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.

The Convenience Shop Holding's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The Convenience Shop Holding's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where The Convenience Shop Holding's Receivables Turnover falls into.

The Convenience Shop Holding Receivables Turnover Calculation

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

The Convenience Shop Holding'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 )
=	46.703	/ (	(1.016	+	1.673)	/	2 )
=	46.703	/	1.3445
=	34.74

The Convenience Shop Holding'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 )
=	24.245	/ (	(0	+	1.673)	/	1 )
=	24.245	/	1.673
=	14.49

The Convenience Shop Holding (MAL:CVS) 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.

The Convenience Shop Holding Receivables Turnover Related Terms

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The Convenience Shop Holding (MAL:CVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Convenience Shop Holding PLC (MAL:CVS) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Mdina Road, Marant Food Products, Zebbug, MLT, 9017

Website

https://www.theconvenienceshop.com

The Convenience Shop Holding PLC operates and franchises grocery stores in the fast-moving consumer goods ('FMCG') industry. Through its subsidiaries, the Company manages a chain of retail outlets under The Convenience Shop brand in various locations across Malta. The Group currently operates approximately 40 shops of which 4 shops are owned by minority shareholders and 1 shop (The Convenience Shop for Puttinu Cares Ltd) is operated for charity.