Ciments du Maroc (CAS:CMA) Receivables Turnover : 2.57 (As of Dec. 2023)

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What is Ciments du Maroc 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. Ciments du Maroc's Revenue for the six months ended in Dec. 2023 was MAD2,175 Mil. Ciments du Maroc's average Accounts Receivable for the six months ended in Dec. 2023 was MAD847 Mil. Hence, Ciments du Maroc's Receivables Turnover for the six months ended in Dec. 2023 was 2.57.

Ciments du Maroc Receivables Turnover Historical Data

The historical data trend for Ciments du Maroc'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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Ciments du Maroc Receivables Turnover Chart

Ciments du Maroc Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.54

5.48

6.11

5.22

5.28

Ciments du Maroc Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.03	2.67	2.53	2.53	2.57

Competitive Comparison of Ciments du Maroc's Receivables Turnover

For the Building Materials subindustry, Ciments du Maroc'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.

Ciments du Maroc's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ciments du Maroc's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ciments du Maroc's Receivables Turnover falls into.

Ciments du Maroc Receivables Turnover Calculation

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

Ciments du Maroc'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 )
=	4333.153	/ (	(826.899	+	815.716)	/	2 )
=	4333.153	/	821.3075
=	5.28

Ciments du Maroc'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2174.598	/ (	(878.142	+	815.716)	/	2 )
=	2174.598	/	846.929
=	2.57

Ciments du Maroc (CAS:CMA) 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.

Ciments du Maroc Receivables Turnover Related Terms

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Ciments du Maroc (CAS:CMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ciments du Maroc SA (CAS:CMA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

621. Boulevard Panoramique, Casablanca, MAR, 20150

Website

http://www.cimentsdumaroc.com

Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.