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Promotora AmbientalB de CV (MEX:PASAB) Receivables Turnover : 1.41 (As of Sep. 2024)


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What is Promotora AmbientalB 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. Promotora AmbientalB de CV's Revenue for the three months ended in Sep. 2024 was MXN1,817 Mil. Promotora AmbientalB de CV's average Accounts Receivable for the three months ended in Sep. 2024 was MXN1,290 Mil. Hence, Promotora AmbientalB de CV's Receivables Turnover for the three months ended in Sep. 2024 was 1.41.


Promotora AmbientalB de CV Receivables Turnover Historical Data

The historical data trend for Promotora AmbientalB 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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Promotora AmbientalB de CV Receivables Turnover Chart

Promotora AmbientalB de CV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.46 5.76 6.47 7.78 6.87

Promotora AmbientalB de CV Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.77 1.57 1.28 1.31 1.41

Competitive Comparison of Promotora AmbientalB de CV's Receivables Turnover

For the Waste Management subindustry, Promotora AmbientalB 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.


Promotora AmbientalB de CV's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Promotora AmbientalB de CV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Promotora AmbientalB de CV's Receivables Turnover falls into.



Promotora AmbientalB de CV Receivables Turnover Calculation

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

Promotora AmbientalB 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 )
=6693.861 / ((772.659 + 1175.897) / 2 )
=6693.861 / 974.278
=6.87

Promotora AmbientalB de CV's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=1817.369 / ((1274.604 + 1305.994) / 2 )
=1817.369 / 1290.299
=1.41

* 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.


Promotora AmbientalB de CV  (MEX:PASAB) 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.


Promotora AmbientalB de CV Receivables Turnover Related Terms

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Promotora AmbientalB de CV Business Description

Traded in Other Exchanges
N/A
Address
Boulevard Antonio Rodriguez 1884, Tower 1st Floor 8 Col. Santa Maria, Monterrey, MEX, 64650
Promotora Ambiental SAB de CV provides private and domestic solid waste collection services, construction and operation of landfills. The company offers services to the petroleum industry in Mexico.

Promotora AmbientalB de CV Headlines

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