Corporacion Interamericana de EntretenimientoB de CV (MEX:CIEB) Receivables Turnover : 1.49 (As of Mar. 2024)

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What is Corporacion Interamericana de EntretenimientoB de CV 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. Corporacion Interamericana de EntretenimientoB de CV's Revenue for the three months ended in Mar. 2024 was MXN464 Mil. Corporacion Interamericana de EntretenimientoB de CV's average Accounts Receivable for the three months ended in Mar. 2024 was MXN312 Mil. Hence, Corporacion Interamericana de EntretenimientoB de CV's Receivables Turnover for the three months ended in Mar. 2024 was 1.49.

Corporacion Interamericana de EntretenimientoB de CV Receivables Turnover Historical Data

The historical data trend for Corporacion Interamericana de EntretenimientoB de CV'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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Corporacion Interamericana de EntretenimientoB de CV Receivables Turnover Chart

Corporacion Interamericana de EntretenimientoB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.71

1.99

15.37

23.24

27.17

Corporacion Interamericana de EntretenimientoB de CV 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															0.93	0.59	1.02	11.41	1.49

Competitive Comparison of Corporacion Interamericana de EntretenimientoB de CV's Receivables Turnover

For the Entertainment subindustry, Corporacion Interamericana de EntretenimientoB de CV'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.

Corporacion Interamericana de EntretenimientoB de CV's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Corporacion Interamericana de EntretenimientoB de CV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Corporacion Interamericana de EntretenimientoB de CV's Receivables Turnover falls into.

Corporacion Interamericana de EntretenimientoB de CV Receivables Turnover Calculation

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

Corporacion Interamericana de EntretenimientoB de CV'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 )
=	4900.17	/ (	(128.198	+	232.455)	/	2 )
=	4900.17	/	180.3265
=	27.17

Corporacion Interamericana de EntretenimientoB de CV'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 )
=	464	/ (	(232.455	+	391.019)	/	2 )
=	464	/	311.737
=	1.49

Corporacion Interamericana de EntretenimientoB de CV (MEX:CIEB) 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.

Corporacion Interamericana de EntretenimientoB de CV Receivables Turnover Related Terms

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Corporacion Interamericana de EntretenimientoB de CV (MEX:CIEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Corporacion Interamericana de Entretenimiento SAB de CV (MEX:CIEB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Industria Militar S/N, Residencial Militar, Mexico DF, MEX, 11600

Website

http://www.cie.com.mx

Corporacion Interamericana de Entretenimiento SAB de CV is a Mexico-based company engaged in the business of providing entertainment services in Latin America and worldwide. It offers a wide Range of entertainment options to a variety of audiences and budgets in large- and medium-sized cities. Its services include concerts, theatrical productions, sporting events, family events and cultural events, among others. In addition, it operates an amusement park in Colombia.

Corporacion Interamericana de EntretenimientoB de CV (MEX:CIEB) Headlines

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