Castro Model (XTAE:CAST) Receivables Turnover : 4.49 (As of Mar. 2024)

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What is Castro Model 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. Castro Model's Revenue for the three months ended in Mar. 2024 was ₪435 Mil. Castro Model's average Accounts Receivable for the three months ended in Mar. 2024 was ₪97 Mil. Hence, Castro Model's Receivables Turnover for the three months ended in Mar. 2024 was 4.49.

Castro Model Receivables Turnover Historical Data

The historical data trend for Castro Model'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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Castro Model Receivables Turnover Chart

Castro Model Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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23.05

19.30

21.26

19.79

16.80

Castro Model 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															4.52	5.70	5.32	4.54	4.49

Competitive Comparison of Castro Model's Receivables Turnover

For the Apparel Retail subindustry, Castro Model'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.

Castro Model's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Castro Model's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Castro Model's Receivables Turnover falls into.

Castro Model Receivables Turnover Calculation

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

Castro Model'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 )
=	1764.529	/ (	(89.937	+	120.086)	/	2 )
=	1764.529	/	105.0115
=	16.80

Castro Model'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 )
=	434.627	/ (	(120.086	+	73.622)	/	2 )
=	434.627	/	96.854
=	4.49

Castro Model (XTAE:CAST) 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.

Castro Model Receivables Turnover Related Terms

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Castro Model (XTAE:CAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Castro Model Ltd (XTAE:CAST) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

35 Ben Zvi Road, Tel Aviv, ISR, 68103

Website

https://www.castro.com

Castro Model Ltd designs, manufactures, and distributes fashion wear for men, women, girls, boys and baby in Israel. The company has three segments which include: the Red line for casual fashion, the Black line, a smart, sophisticated and elegant line and the Blue line, a line of jeans. It also offers complementary collections such as shoes and bags, glasses, lingerie, jewelry and even bicycles and other accessories. The company involves in the retail marketing of fashion products through branded stores operated by subsidiaries in Israel.