Crown Paints Kenya (NAI:CRWN) Receivables Turnover : 7.71 (As of Dec. 2022)

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What is Crown Paints Kenya 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. Crown Paints Kenya's Revenue for the six months ended in Dec. 2022 was KES11,389 Mil. Crown Paints Kenya's average Accounts Receivable for the six months ended in Dec. 2022 was KES1,477 Mil. Hence, Crown Paints Kenya's Receivables Turnover for the six months ended in Dec. 2022 was 7.71.

Crown Paints Kenya Receivables Turnover Historical Data

The historical data trend for Crown Paints Kenya'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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Crown Paints Kenya Receivables Turnover Chart

Crown Paints Kenya Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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6.87

9.00

8.50

8.25

7.71

Crown Paints Kenya Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Receivables Turnover	Get a 7-Day Free Trial										6.87	9.00	8.50	8.25	7.71

Competitive Comparison of Crown Paints Kenya's Receivables Turnover

For the Specialty Chemicals subindustry, Crown Paints Kenya'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.

Crown Paints Kenya's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Crown Paints Kenya's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Crown Paints Kenya's Receivables Turnover falls into.

Crown Paints Kenya Receivables Turnover Calculation

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

Crown Paints Kenya's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	11388.808	/ (	(1394.302	+	1558.797)	/	2 )
=	11388.808	/	1476.5495
=	7.71

Crown Paints Kenya's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	11388.808	/ (	(1394.302	+	1558.797)	/	2 )
=	11388.808	/	1476.5495
=	7.71

Crown Paints Kenya (NAI:CRWN) 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.

Crown Paints Kenya Receivables Turnover Related Terms

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Crown Paints Kenya (NAI:CRWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Crown Paints Kenya Ltd (NAI:CRWN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Likoni Road, Industrial Area, P.O. Box 78848, Nairobi, KEN, 00507

Website

https://www.crownpaints.co.ke

Crown Paints Kenya Ltd is a Kenya-based paint manufacturer. The company comprises two business segments - Paints and Adhesives. The Paints segment manufactures and sells paints, decorating sundries, polyvinyl acetate emulsion, and alkyd resins producer. The Adhesives segment manufactures and sells adhesives. It offers decorative paints, automotive paints, industrial paints, road marking paints, and thinners. The company generates majority of its revenue from Paints segment. The company does its sales via geographical segments that include Kenya, Uganda, Tanzania, Rwanda, and others.