Codan (ASX:CDA) Receivables Turnover : 3.09 (As of Dec. 2024)

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What is Codan 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. Codan's Revenue for the six months ended in Dec. 2024 was A$305.6 Mil. Codan's average Accounts Receivable for the six months ended in Dec. 2024 was A$99.0 Mil. Hence, Codan's Receivables Turnover for the six months ended in Dec. 2024 was 3.09.

Codan Receivables Turnover Historical Data

The historical data trend for Codan'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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Codan Receivables Turnover Chart

Codan Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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14.78

13.53

10.27

6.87

6.73

Codan Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															3.28	3.49	3.62	3.42	3.09

Competitive Comparison of Codan's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Codan'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.

Codan's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Codan's Receivables Turnover distribution charts can be found below:

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

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Codan Receivables Turnover Calculation

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

Codan's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	550.459	/ (	(71.978	+	91.62)	/	2 )
=	550.459	/	81.799
=	6.73

Codan's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	305.619	/ (	(91.62	+	106.424)	/	2 )
=	305.619	/	99.022
=	3.09

Codan (ASX:CDA) 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.

Codan Receivables Turnover Related Terms

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Codan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Codan Ltd (ASX:CDA) » Definitions » Receivables Turnover

Comparable Companies

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UL4:Germany

Address

Technology Park, 2 Second Avenue, Mawson Lakes, SA, AUS, 5095

Website

https://www.codan.com.au

Codan designs and sells communication products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communication business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios, suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America and one fourth is from Europe.

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