Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Receivables Turnover : 1.43 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Compania deneamento de Minas Gerais - COPASA MG 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. Compania deneamento de Minas Gerais - COPASA MG's Revenue for the three months ended in Mar. 2024 was $374 Mil. Compania deneamento de Minas Gerais - COPASA MG's average Accounts Receivable for the three months ended in Mar. 2024 was $262 Mil. Hence, Compania deneamento de Minas Gerais - COPASA MG's Receivables Turnover for the three months ended in Mar. 2024 was 1.43.

Compania deneamento de Minas Gerais - COPASA MG Receivables Turnover Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG Receivables Turnover Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.28

4.22

5.48

6.24

6.54

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.52	1.53	1.52	1.58	1.43

Competitive Comparison of Compania deneamento de Minas Gerais - COPASA MG's Receivables Turnover

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Receivables Turnover falls into.

Compania deneamento de Minas Gerais - COPASA MG Receivables Turnover Calculation

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

Compania deneamento de Minas Gerais - COPASA MG'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 )
=	1511.159	/ (	(200.482	+	261.443)	/	2 )
=	1511.159	/	230.9625
=	6.54

Compania deneamento de Minas Gerais - COPASA MG'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 )
=	373.976	/ (	(261.443	+	262.67)	/	2 )
=	373.976	/	262.0565
=	1.43

Compania deneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) 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.

Compania deneamento de Minas Gerais - COPASA MG Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Compania deneamento de Minas Gerais - COPASA MG's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Saneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CSMG3:Brazil

Address

Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900

Website

http://www.copasa.com.br

COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Headlines

No Headlines