Brisanet Participacoes (BSP:BRIT3) Receivables Turnover : 1.57 (As of Dec. 2023)

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What is Brisanet Participacoes 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. Brisanet Participacoes's Revenue for the three months ended in Dec. 2023 was R$256 Mil. Brisanet Participacoes's average Accounts Receivable for the three months ended in Dec. 2023 was R$163 Mil. Hence, Brisanet Participacoes's Receivables Turnover for the three months ended in Dec. 2023 was 1.57.

Brisanet Participacoes Receivables Turnover Historical Data

The historical data trend for Brisanet Participacoes'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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Brisanet Participacoes Receivables Turnover Chart

Brisanet Participacoes Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.63

7.32

8.21

7.32

7.63

Brisanet Participacoes Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												1.47	1.88	1.98	1.97	1.57

Competitive Comparison of Brisanet Participacoes's Receivables Turnover

For the Telecom Services subindustry, Brisanet Participacoes'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.

Brisanet Participacoes's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Brisanet Participacoes's Receivables Turnover distribution charts can be found below:

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

Brisanet Participacoes Receivables Turnover Calculation

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

Brisanet Participacoes'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 )
=	1158.923	/ (	(140.822	+	163.105)	/	2 )
=	1158.923	/	151.9635
=	7.63

Brisanet Participacoes'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	256.124	/ (	(163.007	+	163.105)	/	2 )
=	256.124	/	163.056
=	1.57

Brisanet Participacoes (BSP:BRIT3) 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.

Brisanet Participacoes Receivables Turnover Related Terms

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Brisanet Participacoes (BSP:BRIT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Brisanet Participacoes SA (BSP:BRIT3) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Highway CE 138 KM 14, s/n, Pereiro, CE, BRA, 63460-000

Website

https://www.brisanet.com.br

Brisanet Participacoes SA offers broadband, fixed telephony, cable TV, and mobile telephony services in Brazil. It includes the provision of telecommunication services such as MCS (Multimedia Communication Service);equipment rental; IT services; radio and optical fiber network installation services.

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