Paper Converting Co (XMAU:PCCL.I0000) Receivables Turnover : 2.61 (As of Dec. 2023)

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What is Paper Converting Co 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. Paper Converting Co's Revenue for the six months ended in Dec. 2023 was MUR308.0 Mil. Paper Converting Co's average Accounts Receivable for the six months ended in Dec. 2023 was MUR118.0 Mil. Hence, Paper Converting Co's Receivables Turnover for the six months ended in Dec. 2023 was 2.61.

Paper Converting Co Receivables Turnover Historical Data

The historical data trend for Paper Converting Co'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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Paper Converting Co Receivables Turnover Chart

Paper Converting Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

2.03

2.39

2.05

2.61

Paper Converting Co Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	Get a 7-Day Free Trial			2.03	2.39	2.05	2.61	2.61

Competitive Comparison of Paper Converting Co's Receivables Turnover

For the Household & Personal Products subindustry, Paper Converting Co'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.

Paper Converting Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Paper Converting Co's Receivables Turnover falls into.

Paper Converting Co Receivables Turnover Calculation

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

Paper Converting Co'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 )
=	307.961	/ (	(112.699	+	123.231)	/	2 )
=	307.961	/	117.965
=	2.61

Paper Converting Co'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 )
=	307.961	/ (	(112.699	+	123.231)	/	2 )
=	307.961	/	117.965
=	2.61

Paper Converting Co (XMAU:PCCL.I0000) 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.

Paper Converting Co Receivables Turnover Related Terms

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Paper Converting Co (XMAU:PCCL.I0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paper Converting Co Ltd (XMAU:PCCL.I0000) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bonne Terre, Vacoas, MUS, 73304

Website

https://www.deramann.com

Paper Converting Co Ltd is a manufacturer of tissue and toilet paper based in Mauritius. It offers a wide array of paper products with quality ranging from basic to premium. It produces toilet and tissue paper under the brand name Kleenex. Geographically, it generates the majority of its revenue from the domestic market.

Paper Converting Co (XMAU:PCCL.I0000) Headlines

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