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SMB Cote d'Ivoire (XBRV:SMBC) Receivables Turnover : 2.76 (As of Dec. 2023)


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What is SMB Cote d'Ivoire 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. SMB Cote d'Ivoire's Revenue for the six months ended in Dec. 2023 was XOF247,645 Mil. SMB Cote d'Ivoire's average Accounts Receivable for the six months ended in Dec. 2023 was XOF89,773 Mil. Hence, SMB Cote d'Ivoire's Receivables Turnover for the six months ended in Dec. 2023 was 2.76.


SMB Cote d'Ivoire Receivables Turnover Historical Data

The historical data trend for SMB Cote d'Ivoire'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.

* Premium members only.

SMB Cote d'Ivoire Receivables Turnover Chart

SMB Cote d'Ivoire 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 3.48 3.31 4.40 4.53 2.76

SMB Cote d'Ivoire Semi-Annual Data
Dec09 Dec10 Dec11 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 Premium Member Only Premium Member Only Premium Member Only 3.48 3.31 4.40 4.53 2.76

Competitive Comparison of SMB Cote d'Ivoire's Receivables Turnover

For the Specialty Chemicals subindustry, SMB Cote d'Ivoire'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.


SMB Cote d'Ivoire's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, SMB Cote d'Ivoire's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SMB Cote d'Ivoire's Receivables Turnover falls into.


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SMB Cote d'Ivoire Receivables Turnover Calculation

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

SMB Cote d'Ivoire'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 )
=247645 / ((86259 + 93286) / 2 )
=247645 / 89772.5
=2.76

SMB Cote d'Ivoire'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 )
=247645 / ((86259 + 93286) / 2 )
=247645 / 89772.5
=2.76

* 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.


SMB Cote d'Ivoire  (XBRV:SMBC) 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.


SMB Cote d'Ivoire Receivables Turnover Related Terms

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SMB Cote d'Ivoire Business Description

Traded in Other Exchanges
N/A
Address
Boulevard de Petit Bassam, Vridi, Abidjan, CIV, BP 622
SMB Cote d'Ivoire, formerly Societe Multinationale de Bitumes SA is engaged in the refinement of crude oil. Its products are obtained by direct distillation of a South American heavy crude. It offers its products for the production of road bitumen. The various grades of bitumen offered by the company include 35/50, 40/50, 50/70, AC-10 and AC-20 among others.