Coca-Cola Embonor (XSGO:EMBONOR-A) Receivables Turnover : 2.54 (As of Mar. 2024)

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What is Coca-Cola Embonor 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. Coca-Cola Embonor's Revenue for the three months ended in Mar. 2024 was CLP351,044 Mil. Coca-Cola Embonor's average Accounts Receivable for the three months ended in Mar. 2024 was CLP138,466 Mil. Hence, Coca-Cola Embonor's Receivables Turnover for the three months ended in Mar. 2024 was 2.54.

Coca-Cola Embonor Receivables Turnover Historical Data

The historical data trend for Coca-Cola Embonor'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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Coca-Cola Embonor Receivables Turnover Chart

Coca-Cola Embonor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.30

10.94

11.65

10.20

9.20

Coca-Cola Embonor Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.61	2.87	2.67	2.65	2.54

Competitive Comparison of Coca-Cola Embonor's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Embonor'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.

Coca-Cola Embonor's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Embonor's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Coca-Cola Embonor's Receivables Turnover falls into.

Coca-Cola Embonor Receivables Turnover Calculation

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

Coca-Cola Embonor'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 )
=	1201957.961	/ (	(119725.589	+	141689.19)	/	2 )
=	1201957.961	/	130707.3895
=	9.20

Coca-Cola Embonor's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	351044.133	/ (	(141689.19	+	135242.122)	/	2 )
=	351044.133	/	138465.656
=	2.54

Coca-Cola Embonor (XSGO:EMBONOR-A) 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.

Coca-Cola Embonor Receivables Turnover Related Terms

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Coca-Cola Embonor (XSGO:EMBONOR-A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Embonor SA (XSGO:EMBONOR-A) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EMBONOR-B:Chile

Address

Avenida El Golf 40, Floor 4, Las Condes, Santiago, CHL

Website

https://www.embonor.cl

Coca-Cola Embonor SA is a bottler of alcoholic and nonalcoholic beverages, including carbonated soft drinks, juice, water, tea, coffee, energy drinks, and sports drinks. The company has an exclusive license to sell Coca-Cola products in various regions of Chile and almost all regions of Bolivia. Coca-Cola Embonor also has minority interests in Vital Jugos SA, which bottles Vital and Benedictine mineral water, and Envases, which produces aluminum and plastic packaging for soft drinks, water, juice, and dairy.

Coca-Cola Embonor (XSGO:EMBONOR-A) Headlines

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