Converge Information And Communications Technology Solutions (PHS:CNVRG) Receivables Turnover : 3.13 (As of Mar. 2024)

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What is Converge Information And Communications Technology Solutions 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. Converge Information And Communications Technology Solutions's Revenue for the three months ended in Mar. 2024 was ₱9,540 Mil. Converge Information And Communications Technology Solutions's average Accounts Receivable for the three months ended in Mar. 2024 was ₱3,044 Mil. Hence, Converge Information And Communications Technology Solutions's Receivables Turnover for the three months ended in Mar. 2024 was 3.13.

Converge Information And Communications Technology Solutions Receivables Turnover Historical Data

The historical data trend for Converge Information And Communications Technology Solutions'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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Converge Information And Communications Technology Solutions Receivables Turnover Chart

Converge Information And Communications Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.05

7.47

10.81

11.55

12.69

Converge Information And Communications Technology Solutions Quarterly Data
	Dec18	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														2.57	2.19	2.36	3.12	3.13

Competitive Comparison of Converge Information And Communications Technology Solutions's Receivables Turnover

For the Telecom Services subindustry, Converge Information And Communications Technology Solutions'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.

Converge Information And Communications Technology Solutions's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Converge Information And Communications Technology Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Converge Information And Communications Technology Solutions's Receivables Turnover falls into.

Converge Information And Communications Technology Solutions Receivables Turnover Calculation

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

Converge Information And Communications Technology Solutions'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 )
=	35359.344	/ (	(3020.024	+	2551.306)	/	2 )
=	35359.344	/	2785.665
=	12.69

Converge Information And Communications Technology Solutions'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 )
=	9539.571	/ (	(2551.306	+	3536.588)	/	2 )
=	9539.571	/	3043.947
=	3.13

Converge Information And Communications Technology Solutions (PHS:CNVRG) 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.

Converge Information And Communications Technology Solutions Receivables Turnover Related Terms

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Converge Information And Communications Technology Solutions (PHS:CNVRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Converge Information And Communications Technology Solutions Inc (PHS:CNVRG) » Definitions » Receivables Turnover

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Address

Mc Arthur Highway, New Street Building, Balibago, Angeles, PAM, PHL, 2009

Website

https://www.convergeict.com

Converge Information And Communications Technology Solutions Inc are engaged in the business of providing Information and communication services and solutions. It provides high-speed fiber optic internet services and other digital consumer-centric services. It operates in two businesses namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business.

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