Arezzo Industria E Comercio (BSP:ARZZ3) Receivables Turnover : 1.06 (As of Mar. 2024)

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What is Arezzo Industria E Comercio 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. Arezzo Industria E Comercio's Revenue for the three months ended in Mar. 2024 was R$1,072 Mil. Arezzo Industria E Comercio's average Accounts Receivable for the three months ended in Mar. 2024 was R$1,014 Mil. Hence, Arezzo Industria E Comercio's Receivables Turnover for the three months ended in Mar. 2024 was 1.06.

Arezzo Industria E Comercio Receivables Turnover Historical Data

The historical data trend for Arezzo Industria E Comercio'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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Arezzo Industria E Comercio Receivables Turnover Chart

Arezzo Industria E Comercio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.22

3.14

4.21

5.11

4.86

Arezzo Industria E Comercio 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															1.27	1.48	1.49	1.39	1.06

Competitive Comparison of Arezzo Industria E Comercio's Receivables Turnover

For the Footwear & Accessories subindustry, Arezzo Industria E Comercio'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.

Arezzo Industria E Comercio's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Arezzo Industria E Comercio's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Arezzo Industria E Comercio's Receivables Turnover falls into.

Arezzo Industria E Comercio Receivables Turnover Calculation

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

Arezzo Industria E Comercio'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 )
=	4846.768	/ (	(867.582	+	1125.449)	/	2 )
=	4846.768	/	996.5155
=	4.86

Arezzo Industria E Comercio'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 )
=	1072.182	/ (	(1125.449	+	902.621)	/	2 )
=	1072.182	/	1014.035
=	1.06

Arezzo Industria E Comercio (BSP:ARZZ3) 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.

Arezzo Industria E Comercio Receivables Turnover Related Terms

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Arezzo Industria E Comercio (BSP:ARZZ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Arezzo Industria E Comercio SA (BSP:ARZZ3) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Fernandes Tourinho, 147 - sala 402, Rooms 1301 and 1303, Belo Horizonte, MG, BRA, 30112000

Website

https://ri.arezzoco.com.br

Arezzo Industria e Comercio S.A. together with its subsidiaries engages in the manufacturing, development, molding, and sale of footwear, bags, and women's clothing and accessories. It operates more than 400 franchises and approximately 48 stores and an e-commerce website for the sale of products under the brand names Schutz, Arezzo, Alexandre Birman, Fiever, Vans, Reserva, Reserva Mini, Reserva Go, Oficina, INK, EVA, Troc, Baw, MyShoes, Carol Bassi, Brizza, Reversa, Simples Reserva, Unbrand Reserva and Anacapri. The company derives revenue through the sale of products and Royalty income.

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