Compagnie de l`Odet (XPAR:ODET) Receivables Turnover : 1.45 (As of Dec. 2023)

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What is Compagnie de l`Odet 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. Compagnie de l`Odet's Revenue for the six months ended in Dec. 2023 was €7,448 Mil. Compagnie de l`Odet's average Accounts Receivable for the six months ended in Dec. 2023 was €5,142 Mil. Hence, Compagnie de l`Odet's Receivables Turnover for the six months ended in Dec. 2023 was 1.45.

Compagnie de l`Odet Receivables Turnover Historical Data

The historical data trend for Compagnie de l`Odet'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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Compagnie de l`Odet Receivables Turnover Chart

Compagnie de l`Odet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.05

2.81

3.25

2.58

2.73

Compagnie de l`Odet Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.23	0.96	1.13	1.20	1.45

Competitive Comparison of Compagnie de l`Odet's Receivables Turnover

For the Conglomerates subindustry, Compagnie de l`Odet'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.

Compagnie de l`Odet's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Compagnie de l`Odet's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Compagnie de l`Odet's Receivables Turnover falls into.

Compagnie de l`Odet Receivables Turnover Calculation

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

Compagnie de l`Odet'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 )
=	13677.9	/ (	(5037.1	+	4978.7)	/	2 )
=	13677.9	/	5007.9
=	2.73

Compagnie de l`Odet'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	7447.5	/ (	(5304.6	+	4978.7)	/	2 )
=	7447.5	/	5141.65
=	1.45

Compagnie de l`Odet (XPAR:ODET) 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.

Compagnie de l`Odet Receivables Turnover Related Terms

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Compagnie de l`Odet (XPAR:ODET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Compagnie de l`Odet (XPAR:ODET) » Definitions » Receivables Turnover

Comparable Companies

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FCODF:USA

Address

51, Boulevard de Montmorency, Paris, FRA, 75016

Website

http://www.compagniedelodet.net

Compagnie de l`Odet is a France-based holding company with a major interest in the Bollore Group. The Bollore Group's operations are based on four areas: Transportation and logistics, Oil logistics, Communication, and Electricity storage and systems. Alongside these businesses, the group also manages several investments including plantations, real estate assets, and a portfolio of equity investments. It derives key revenue from the Communication business area and has operations in France, other parts of Europe, Africa, Asia-Pacific, and the United States.

Compagnie de l`Odet (XPAR:ODET) Headlines

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