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Grupul Industrial Electrocontact (BSE:ECT) Receivables Turnover : 0.50 (As of Jun. 2023)


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What is Grupul Industrial Electrocontact 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. Grupul Industrial Electrocontact's Revenue for the six months ended in Jun. 2023 was lei0.21 Mil. Grupul Industrial Electrocontact's average Accounts Receivable for the six months ended in Jun. 2023 was lei0.41 Mil. Hence, Grupul Industrial Electrocontact's Receivables Turnover for the six months ended in Jun. 2023 was 0.50.


Grupul Industrial Electrocontact Receivables Turnover Historical Data

The historical data trend for Grupul Industrial Electrocontact'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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Grupul Industrial Electrocontact Receivables Turnover Chart

Grupul Industrial Electrocontact Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.02 0.56 0.94 1.50 1.46

Grupul Industrial Electrocontact Semi-Annual Data
Dec11 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Jun18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.99 0.43 1.03 0.50

Competitive Comparison of Grupul Industrial Electrocontact's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Grupul Industrial Electrocontact'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.


Grupul Industrial Electrocontact's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Grupul Industrial Electrocontact's Receivables Turnover falls into.



Grupul Industrial Electrocontact Receivables Turnover Calculation

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

Grupul Industrial Electrocontact's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=0.564 / ((0.378 + 0.396) / 2 )
=0.564 / 0.387
=1.46

Grupul Industrial Electrocontact's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=0.205 / ((0.396 + 0.42) / 2 )
=0.205 / 0.408
=0.50

* 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.


Grupul Industrial Electrocontact  (BSE:ECT) 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.


Grupul Industrial Electrocontact Receivables Turnover Related Terms

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Grupul Industrial Electrocontact (BSE:ECT) Business Description

Traded in Other Exchanges
N/A
Address
Calea Nationala nr. 6, Botosani, ROU, 710010
Grupul Industrial Electrocontact S.A. provides solutions for equipment related to control and distribution for home and industrial use. Some of its products are electric explosion-proof equipment, proximity inductive & optoelectronic switches & junction.

Grupul Industrial Electrocontact (BSE:ECT) Headlines

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