Carbacid Investments (NAI:CARB) Receivables Turnover : 2.62 (As of Jan. 2024)

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What is Carbacid Investments 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. Carbacid Investments's Revenue for the six months ended in Jan. 2024 was KES1,080 Mil. Carbacid Investments's average Accounts Receivable for the six months ended in Jan. 2024 was KES413 Mil. Hence, Carbacid Investments's Receivables Turnover for the six months ended in Jan. 2024 was 2.62.

Carbacid Investments Receivables Turnover Historical Data

The historical data trend for Carbacid Investments'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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Carbacid Investments Receivables Turnover Chart

Carbacid Investments Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

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5.30

4.60

5.41

6.59

5.13

Carbacid Investments Semi-Annual Data
	Jul11	Jul12	Jul13	Jul14	Jul15	Jul16	Jul17	Jul18	Jul19	Jul20	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Receivables Turnover	Get a 7-Day Free Trial											4.09	2.77	3.32	2.10	2.62

Competitive Comparison of Carbacid Investments's Receivables Turnover

For the Specialty Chemicals subindustry, Carbacid Investments'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.

Carbacid Investments's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Carbacid Investments's Receivables Turnover distribution charts can be found below:

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

Carbacid Investments Receivables Turnover Calculation

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

Carbacid Investments's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	1720.943	/ (	(257.757	+	412.683)	/	2 )
=	1720.943	/	335.22
=	5.13

Carbacid Investments's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	1080.477	/ (	(412.683	+	0)	/	1 )
=	1080.477	/	412.683
=	2.62

Carbacid Investments (NAI:CARB) 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.

Carbacid Investments Receivables Turnover Related Terms

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Carbacid Investments (NAI:CARB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Carbacid Investments PLC (NAI:CARB) » Definitions » Receivables Turnover

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Address

Eldama Ravine Close, Off Eldama Ravine Road, PO Box 764, ALN House, Westlands, Nairobi, KEN, 00606

Website

https://www.carbacid.com

Carbacid Investments PLC is an investment and holding company with three subsidiaries. The main activities of the business are mining and marketing of carbon dioxide gas and investment. These are organized in the following operating segments, Trading, and Investment. It derives substantial revenue from trading activities. It caters to domestic and overseas markets. Key revenue is derived from the sale of Carbon dioxide gas.