City Chic Collective (ASX:CCX) Receivables Turnover : 16.49 (As of Dec. 2023)

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What is City Chic Collective 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. City Chic Collective's Revenue for the six months ended in Dec. 2023 was A$105.8 Mil. City Chic Collective's average Accounts Receivable for the six months ended in Dec. 2023 was A$6.4 Mil. Hence, City Chic Collective's Receivables Turnover for the six months ended in Dec. 2023 was 16.49.

City Chic Collective Receivables Turnover Historical Data

The historical data trend for City Chic Collective'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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City Chic Collective Receivables Turnover Chart

City Chic Collective Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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35.50

56.78

101.32

69.23

39.68

City Chic Collective 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															30.35	21.81	20.14	14.57	16.49

Competitive Comparison of City Chic Collective's Receivables Turnover

For the Apparel Retail subindustry, City Chic Collective'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.

City Chic Collective's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where City Chic Collective's Receivables Turnover falls into.

City Chic Collective Receivables Turnover Calculation

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

City Chic Collective's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	269.117	/ (	(8.252	+	5.312)	/	2 )
=	269.117	/	6.782
=	39.68

City Chic Collective'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 )
=	105.845	/ (	(5.312	+	7.523)	/	2 )
=	105.845	/	6.4175
=	16.49

City Chic Collective (ASX:CCX) 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.

City Chic Collective Receivables Turnover Related Terms

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City Chic Collective (ASX:CCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » City Chic Collective Ltd (ASX:CCX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CCCHF:USA

Address

151 - 163 Wyndham Street, Alexandria, Sydney, NSW, AUS, 2015

Website

https://www.citychiccollective.com.au

City Chic Collective Ltd is a retailer specialising in plus-size women's apparel, footwear and accessories. The company's brands include City Chic, Avenue, Evans, CCX, Hips & Curves, and Fox & Royal. The operating segments of the group are the Asia Pacific (APAC); the Americas; and Europe, Middle East and Africa (EMEA). It derives key revenue from the APAC region which involves the current operations in Australia and New Zealand. Both regions are serviced by stores and website.