Electro Aco Altona (BSP:EALT3) Receivables Turnover : 1.39 (As of Dec. 2023)

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What is Electro Aco Altona 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. Electro Aco Altona's Revenue for the three months ended in Dec. 2023 was R$135.0 Mil. Electro Aco Altona's average Accounts Receivable for the three months ended in Dec. 2023 was R$96.9 Mil. Hence, Electro Aco Altona's Receivables Turnover for the three months ended in Dec. 2023 was 1.39.

Electro Aco Altona Receivables Turnover Historical Data

The historical data trend for Electro Aco Altona'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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Electro Aco Altona Receivables Turnover Chart

Electro Aco Altona Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.17

3.72

4.81

5.62

5.53

Electro Aco Altona Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.32	1.31	1.40	1.45	1.39

Competitive Comparison of Electro Aco Altona's Receivables Turnover

For the Metal Fabrication subindustry, Electro Aco Altona'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.

Electro Aco Altona's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Electro Aco Altona's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Electro Aco Altona's Receivables Turnover falls into.

Electro Aco Altona Receivables Turnover Calculation

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

Electro Aco Altona'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 )
=	495.48	/ (	(80.263	+	99.071)	/	2 )
=	495.48	/	89.667
=	5.53

Electro Aco Altona'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 )
=	134.965	/ (	(94.757	+	99.071)	/	2 )
=	134.965	/	96.914
=	1.39

Electro Aco Altona (BSP:EALT3) 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.

Electro Aco Altona Receivables Turnover Related Terms

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Electro Aco Altona (BSP:EALT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electro Aco Altona SA (BSP:EALT3) » Definitions » Receivables Turnover

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EALT4:Brazil

Address

Engenheiro Paulo Werner Street, 925, Blumenau, SC, BRA, 89030900

Website

http://www.altona.com.br

Electro Aco Altona SA manufactures steel based machinery & equipment. Its product portfolio comprises of carbon steel, high & low alloy steel, manganese steel & heat resistant steel castings. It caters to industries like earthmoving & mining.The company divides its business into two sectors: Repetitive and Custom. The Repetitive sector is responsible for series production of items for self-propelled equipment assemblers, including customers active in the segment of construction and mining machinery. The Custom sector produces customized parts and assemblies.

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