GPS Participacoes E Empreendimentos (BSP:GGPS3) Receivables Turnover : 1.18 (As of Mar. 2024)

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What is GPS Participacoes E Empreendimentos 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. GPS Participacoes E Empreendimentos's Revenue for the three months ended in Mar. 2024 was R$3,072 Mil. GPS Participacoes E Empreendimentos's average Accounts Receivable for the three months ended in Mar. 2024 was R$2,601 Mil. Hence, GPS Participacoes E Empreendimentos's Receivables Turnover for the three months ended in Mar. 2024 was 1.18.

GPS Participacoes E Empreendimentos Receivables Turnover Historical Data

The historical data trend for GPS Participacoes E Empreendimentos'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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GPS Participacoes E Empreendimentos Receivables Turnover Chart

GPS Participacoes E Empreendimentos Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.40

5.60

5.61

5.54

4.82

GPS Participacoes E Empreendimentos Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													1.30	1.30	1.24	1.24	1.18

Competitive Comparison of GPS Participacoes E Empreendimentos's Receivables Turnover

For the Specialty Business Services subindustry, GPS Participacoes E Empreendimentos'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.

GPS Participacoes E Empreendimentos's Receivables Turnover Distribution in the Business Services Industry

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

* The bar in red indicates where GPS Participacoes E Empreendimentos's Receivables Turnover falls into.

GPS Participacoes E Empreendimentos Receivables Turnover Calculation

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

GPS Participacoes E Empreendimentos'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 )
=	10631.154	/ (	(1948.832	+	2458.492)	/	2 )
=	10631.154	/	2203.662
=	4.82

GPS Participacoes E Empreendimentos's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3072.03	/ (	(2458.492	+	2744.487)	/	2 )
=	3072.03	/	2601.4895
=	1.18

GPS Participacoes E Empreendimentos (BSP:GGPS3) 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.

GPS Participacoes E Empreendimentos Receivables Turnover Related Terms

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GPS Participacoes E Empreendimentos (BSP:GGPS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GPS Participacoes E Empreendimentos SA (BSP:GGPS3) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Miguel Frias e Vasconcelos, 1215, Jaguare, Sao Paulo, SP, BRA

Website

https://en.gpssa.com.br

GPS Participacoes E Empreendimentos SA is engaged in the provision of property security services, sanitation and cleaning services, indoor logistics services, electronic security services, implementation, operation and building maintenance, maritime hotel services on oil platforms, kitchen services and meal sales, highway maintenance services, and participation in companies through the acquisition of shares or capital quotas.

GPS Participacoes E Empreendimentos (BSP:GGPS3) Headlines

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