Industrias Ales (QUI:IND) Receivables Turnover : 3.63 (As of Jun. 2022)

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What is Industrias Ales 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. Industrias Ales's Revenue for the six months ended in Jun. 2022 was $90.95 Mil. Industrias Ales's average Accounts Receivable for the six months ended in Jun. 2022 was $25.08 Mil. Hence, Industrias Ales's Receivables Turnover for the six months ended in Jun. 2022 was 3.63.

Industrias Ales Receivables Turnover Historical Data

The historical data trend for Industrias Ales'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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Industrias Ales Receivables Turnover Chart

Industrias Ales Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

4.97

5.15

4.79

5.01

Industrias Ales Semi-Annual Data
	Jun14	Jun15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun22
Receivables Turnover	Get a 7-Day Free Trial								2.49	2.32	2.58	2.74	3.63

Competitive Comparison of Industrias Ales's Receivables Turnover

For the Conglomerates subindustry, Industrias Ales'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.

Industrias Ales's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Industrias Ales's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Industrias Ales's Receivables Turnover falls into.

Industrias Ales Receivables Turnover Calculation

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

Industrias Ales's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	141.311	/ (	(30.396	+	26.051)	/	2 )
=	141.311	/	28.2235
=	5.01

Industrias Ales's Receivables Turnover for the quarter that ended in Jun. 2022 is calculated as

	Receivables Turnover (Q: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2021 )	+	Accounts Receivable (Q: Jun. 2022 ))	/	count )
=	90.952	/ (	(22.914	+	27.25)	/	2 )
=	90.952	/	25.082
=	3.63

Industrias Ales (QUI:IND) 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.

Industrias Ales Receivables Turnover Related Terms

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Industrias Ales (QUI:IND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Industrias Ales SA (QUI:IND) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av Galo Plaza N51-23, Quito, ECU

Website

https://www.ales.com.ec

Industrias Ales SA is an Ecuador-based Agroindustrial company. It is engaged in the manufacturing and marketing of food and cleaning products. The products category of the company include food, confits, Home care and personal care.

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