Caravelle International Group (Caravelle International Group) Receivables Turnover : 17.77 (As of Apr. 2023)

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What is Caravelle International Group 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. Caravelle International Group's Revenue for the six months ended in Apr. 2023 was $45.1 Mil. Caravelle International Group's average Accounts Receivable for the six months ended in Apr. 2023 was $2.5 Mil. Hence, Caravelle International Group's Receivables Turnover for the six months ended in Apr. 2023 was 17.77.

Caravelle International Group Receivables Turnover Historical Data

The historical data trend for Caravelle International Group'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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Caravelle International Group Receivables Turnover Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Receivables Turnover

32.40

23.81

31.46

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Receivables Turnover	Get a 7-Day Free Trial			25.09	7.83	8.69	9.65	17.77

Competitive Comparison of Caravelle International Group's Receivables Turnover

For the Marine Shipping subindustry, Caravelle International Group'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.

Caravelle International Group's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Caravelle International Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Caravelle International Group's Receivables Turnover falls into.

Caravelle International Group Receivables Turnover Calculation

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

Caravelle International Group's Receivables Turnover for the fiscal year that ended in Oct. 2022 is calculated as

	Receivables Turnover (A: Oct. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2022 )	/ (	(Accounts Receivable (A: Oct. 2021 )	+	Accounts Receivable (A: Oct. 2022 ))	/	count )
=	185.35	/ (	(7.827	+	3.955)	/	2 )
=	185.35	/	5.891
=	31.46

Caravelle International Group's Receivables Turnover for the quarter that ended in Apr. 2023 is calculated as

	Receivables Turnover (Q: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Apr. 2023 )	/ (	(Accounts Receivable (Q: Oct. 2022 )	+	Accounts Receivable (Q: Apr. 2023 ))	/	count )
=	45.102	/ (	(3.955	+	1.121)	/	2 )
=	45.102	/	2.538
=	17.77

Caravelle International Group (NAS:CACO) 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.

Caravelle International Group Receivables Turnover Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.