Cintas (BSP:C1TA34) Receivables Turnover : 1.91 (As of Feb. 2024)

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What is Cintas 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. Cintas's Revenue for the three months ended in Feb. 2024 was R$11,937 Mil. Cintas's average Accounts Receivable for the three months ended in Feb. 2024 was R$6,250 Mil. Hence, Cintas's Receivables Turnover for the three months ended in Feb. 2024 was 1.91.

Cintas Receivables Turnover Historical Data

The historical data trend for Cintas'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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Cintas Receivables Turnover Chart

Cintas Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Receivables Turnover

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8.39

9.36

7.78

7.99

8.18

Cintas Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															1.91	1.96	1.98	1.92	1.91

Competitive Comparison of Cintas's Receivables Turnover

For the Specialty Business Services subindustry, Cintas'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.

Cintas's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cintas's Receivables Turnover distribution charts can be found below:

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

Cintas Receivables Turnover Calculation

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

Cintas's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	43913.99	/ (	(4992.361	+	5743.404)	/	2 )
=	43913.99	/	5367.8825
=	8.18

Cintas's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	11936.784	/ (	(6239.925	+	6261.038)	/	2 )
=	11936.784	/	6250.4815
=	1.91

Cintas (BSP:C1TA34) 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.

Cintas Receivables Turnover Related Terms

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Cintas (BSP:C1TA34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (BSP:C1TA34) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CTAS:USA CTAS:Mexico CIT:Germany CIT:Germany CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas is positioned as a one-stop shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products generally include the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. Cintas' remaining businesses include first aid and safety services, fire protection services, and uniform direct sales.

Cintas (BSP:C1TA34) Headlines

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