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Sociedad Punta del Cobre (XSGO:PUCOBRE) Receivables Turnover : 2.06 (As of Mar. 2024)


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What is Sociedad Punta del Cobre 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. Sociedad Punta del Cobre's Revenue for the three months ended in Mar. 2024 was CLP70,506 Mil. Sociedad Punta del Cobre's average Accounts Receivable for the three months ended in Mar. 2024 was CLP34,245 Mil. Hence, Sociedad Punta del Cobre's Receivables Turnover for the three months ended in Mar. 2024 was 2.06.


Sociedad Punta del Cobre Receivables Turnover Historical Data

The historical data trend for Sociedad Punta del Cobre'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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Sociedad Punta del Cobre Receivables Turnover Chart

Sociedad Punta del Cobre 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 13.43 8.74 12.65 12.48 9.68

Sociedad Punta del Cobre 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.75 1.51 2.26 2.49 2.06

Competitive Comparison of Sociedad Punta del Cobre's Receivables Turnover

For the Copper subindustry, Sociedad Punta del Cobre'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.


Sociedad Punta del Cobre's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sociedad Punta del Cobre's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sociedad Punta del Cobre's Receivables Turnover falls into.



Sociedad Punta del Cobre Receivables Turnover Calculation

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

Sociedad Punta del Cobre'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 )
=268568.301 / ((25644.423 + 29835.685) / 2 )
=268568.301 / 27740.054
=9.68

Sociedad Punta del Cobre'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 )
=70505.552 / ((29835.685 + 38653.352) / 2 )
=70505.552 / 34244.5185
=2.06

* 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.


Sociedad Punta del Cobre  (XSGO:PUCOBRE) 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.


Sociedad Punta del Cobre Receivables Turnover Related Terms

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Sociedad Punta del Cobre (XSGO:PUCOBRE) Business Description

Traded in Other Exchanges
N/A
Address
Rancagua 200, Copiapo, CHL
Sociedad Punta del Cobre SA a Chilean mining company. It is specialized in the exploitation of medium-sized copper deposits. The company's operations are located mainly in the Atacama Region. The firm is engaged in developing two projects for the exploitation of copper, El Espino, and Tovaku, located in Coquimbo Region and the Antofagasta Region, respectively.

Sociedad Punta del Cobre (XSGO:PUCOBRE) Headlines

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