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Holcim Ecuador (QUI:HLE) Receivables Turnover : 10.23 (As of Dec. 2023)


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What is Holcim Ecuador 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. Holcim Ecuador's Revenue for the six months ended in Dec. 2023 was $342.5 Mil. Holcim Ecuador's average Accounts Receivable for the six months ended in Dec. 2023 was $33.5 Mil. Hence, Holcim Ecuador's Receivables Turnover for the six months ended in Dec. 2023 was 10.23.


Holcim Ecuador Receivables Turnover Historical Data

The historical data trend for Holcim Ecuador'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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Holcim Ecuador Receivables Turnover Chart

Holcim Ecuador 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 14.79 14.44 15.22 11.57 10.23

Holcim Ecuador Semi-Annual Data
Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.79 14.44 15.22 11.57 10.23

Competitive Comparison of Holcim Ecuador's Receivables Turnover

For the Building Materials subindustry, Holcim Ecuador'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.


Holcim Ecuador's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Holcim Ecuador's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Holcim Ecuador's Receivables Turnover falls into.



Holcim Ecuador Receivables Turnover Calculation

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

Holcim Ecuador'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 )
=342.511 / ((34.821 + 32.125) / 2 )
=342.511 / 33.473
=10.23

Holcim Ecuador'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: Dec. 2022 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=342.511 / ((34.821 + 32.125) / 2 )
=342.511 / 33.473
=10.23

* 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.


Holcim Ecuador  (QUI:HLE) 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.


Holcim Ecuador Receivables Turnover Related Terms

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Holcim Ecuador Business Description

Traded in Other Exchanges
N/A
Address
Barcelona Avenue, San Eduardo I Urbanization, El Caiman Building, 2nd Floor, Guayaquil, ECU
Holcim Ecuador SA is an Ecuador-based company engaged in the manufacturing and production of clinker, cement, and concrete. The company offers products and services for road development, buildings, infrastructure, developments and residences, and agro-industrial solutions.

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