Cohort (LSE:CHRT) Receivables Turnover : 2.25 (As of Oct. 2023)

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What is Cohort 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. Cohort's Revenue for the six months ended in Oct. 2023 was £94.3 Mil. Cohort's average Accounts Receivable for the six months ended in Oct. 2023 was £42.0 Mil. Hence, Cohort's Receivables Turnover for the six months ended in Oct. 2023 was 2.25.

Cohort Receivables Turnover Historical Data

The historical data trend for Cohort'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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Cohort Receivables Turnover Chart

Cohort Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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6.51

6.07

5.36

5.04

7.72

Cohort Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Receivables Turnover	Get a 7-Day Free Trial															1.42	1.98	1.84	2.55	2.25

Competitive Comparison of Cohort's Receivables Turnover

For the Aerospace & Defense subindustry, Cohort'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.

Cohort's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Cohort's Receivables Turnover distribution charts can be found below:

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

Cohort Receivables Turnover Calculation

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

Cohort's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	182.713	/ (	(24.41	+	22.917)	/	2 )
=	182.713	/	23.6635
=	7.72

Cohort's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	94.304	/ (	(22.917	+	61.06)	/	2 )
=	94.304	/	41.9885
=	2.25

Cohort (LSE:CHRT) 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.

Cohort Receivables Turnover Related Terms

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Cohort (LSE:CHRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cohort PLC (LSE:CHRT) » Definitions » Receivables Turnover

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C7K:Germany

Address

One Waterside Drive, Arlington Business Park, Theale, Reading, GBR, RG7 4SW

Website

https://www.cohortplc.com

Cohort PLC is a holding company. It is engaged in providing services to customers in defense, security, and related markets. The company's operating segments include Chess; EID; ELAC; MASS; MCL and SEA. It generates maximum revenue from the MASS segment. Geographically, it derives the majority of its revenue from the UK and has a presence in Portugal and other EC countries including NATO, Asia Pacific, Africa, and North and South America. The company earns the majority of its revenue from market segment C4ISTAR followed by Combat systems and Cybersecurity and secure networks.

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