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COSUMAR (CAS:CSR) Receivables Turnover : 9.08 (As of Dec. 2023)


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What is COSUMAR 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. COSUMAR's Revenue for the six months ended in Dec. 2023 was MAD6,806 Mil. COSUMAR's average Accounts Receivable for the six months ended in Dec. 2023 was MAD750 Mil. Hence, COSUMAR's Receivables Turnover for the six months ended in Dec. 2023 was 9.08.


COSUMAR Receivables Turnover Historical Data

The historical data trend for COSUMAR'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.

* Premium members only.

COSUMAR Receivables Turnover Chart

COSUMAR Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.85 23.75 16.00 14.20 14.73

COSUMAR Semi-Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 5.90 6.60 5.75 8.87 9.08

Competitive Comparison of COSUMAR's Receivables Turnover

For the Confectioners subindustry, COSUMAR'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.


COSUMAR's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, COSUMAR's Receivables Turnover distribution charts can be found below:

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



COSUMAR Receivables Turnover Calculation

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

COSUMAR'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 )
=13873.6 / ((988.9 + 894.9) / 2 )
=13873.6 / 941.9
=14.73

COSUMAR'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 )
=6806 / ((604.5 + 894.9) / 2 )
=6806 / 749.7
=9.08

* 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.


COSUMAR  (CAS:CSR) 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.


COSUMAR Receivables Turnover Related Terms

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COSUMAR (CAS:CSR) Business Description

Traded in Other Exchanges
N/A
Address
8 rue Mouatamid Ibnou Abbad, BP 3098 Roches Noires, Casablanca, MAR
COSUMAR SA is a Moroccan company specializing in sugar extraction, refining, and sugar packaging. The company's product portfolio includes sugar loaves, the lump, granulated sugar, ingots, pellets, bagasse, and molasses.