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PALM CI (XBRV:PALC) Receivables Turnover : 3.64 (As of Dec. 2023)


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What is PALM CI 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. PALM CI's Revenue for the six months ended in Dec. 2023 was XOF206,244 Mil. PALM CI's average Accounts Receivable for the six months ended in Dec. 2023 was XOF56,691 Mil. Hence, PALM CI's Receivables Turnover for the six months ended in Dec. 2023 was 3.64.


PALM CI Receivables Turnover Historical Data

The historical data trend for PALM CI'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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PALM CI Receivables Turnover Chart

PALM CI 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 14.47 15.81 9.43 5.65 3.64

PALM CI Semi-Annual Data
Dec09 Dec10 Dec11 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 Premium Member Only Premium Member Only 14.47 15.81 9.43 5.65 3.64

Competitive Comparison of PALM CI's Receivables Turnover

For the Farm Products subindustry, PALM CI'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.


PALM CI's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PALM CI's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PALM CI's Receivables Turnover falls into.


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PALM CI Receivables Turnover Calculation

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

PALM CI'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 )
=206244.391 / ((47904.203 + 65477.11) / 2 )
=206244.391 / 56690.6565
=3.64

PALM CI'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 )
=206244.391 / ((47904.203 + 65477.11) / 2 )
=206244.391 / 56690.6565
=3.64

* 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.


PALM CI  (XBRV:PALC) 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.


PALM CI Receivables Turnover Related Terms

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PALM CI Business Description

Traded in Other Exchanges
N/A
Address
Siege Abidjan, boulevard du Havre, Abidjan, CIV
PALM CI produces and markets crude palm oil. It also cultivates palm plants.