Cogeco Communications (Cogeco Communications) Receivables Turnover : 6.25 (As of Feb. 2024)

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What is Cogeco Communications 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. Cogeco Communications's Revenue for the three months ended in Feb. 2024 was $541 Mil. Cogeco Communications's average Accounts Receivable for the three months ended in Feb. 2024 was $87 Mil. Hence, Cogeco Communications's Receivables Turnover for the three months ended in Feb. 2024 was 6.25.

Cogeco Communications Receivables Turnover Historical Data

The historical data trend for Cogeco Communications'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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Cogeco Communications Receivables Turnover Chart

Cogeco Communications Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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29.54

33.91

35.44

36.22

33.53

Cogeco Communications 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															5.65	5.60	7.09	7.32	6.25

Competitive Comparison of Cogeco Communications's Receivables Turnover

For the Telecom Services subindustry, Cogeco Communications'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.

Cogeco Communications's Receivables Turnover Distribution in the Telecommunication Services Industry

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

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

Cogeco Communications Receivables Turnover Calculation

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

Cogeco Communications's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	2214.073	/ (	(67.18	+	64.899)	/	2 )
=	2214.073	/	66.0395
=	33.53

Cogeco Communications'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 )
=	541.112	/ (	(84.066	+	89.213)	/	2 )
=	541.112	/	86.6395
=	6.25

Cogeco Communications (OTCPK:CGEAF) 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.

Cogeco Communications Receivables Turnover Related Terms

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Cogeco Communications (Cogeco Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogeco Communications Inc (OTCPK:CGEAF) » Definitions » Receivables Turnover

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COG:Germany CCA:Canada

Address

1 Place Ville Marie, Suite 3301, Montreal, QC, CAN, H3B 0B3

Website

https://www.cogeco.ca

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides Internet, video and phone services to residential, business and other customers. The reportable segments of the company are Canadian telecommunications and American telecommunications. The company earns majority of its revenue from American telecommunications. The company operates in Canada and United States.