Coteccons Construction Joint Stock Company (STC:CTD) Receivables Turnover : 0.42 (As of Mar. 2024)

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What is Coteccons Construction Joint Stock Company 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. Coteccons Construction Joint Stock Company's Revenue for the three months ended in Mar. 2024 was ₫4,665,852 Mil. Coteccons Construction Joint Stock Company's average Accounts Receivable for the three months ended in Mar. 2024 was ₫11,026,949 Mil. Hence, Coteccons Construction Joint Stock Company's Receivables Turnover for the three months ended in Mar. 2024 was 0.42.

Coteccons Construction Joint Stock Company Receivables Turnover Historical Data

The historical data trend for Coteccons Construction Joint Stock Company'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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Coteccons Construction Joint Stock Company Receivables Turnover Chart

Coteccons Construction Joint Stock Company Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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5.79

3.90

2.79

1.82

1.15

Coteccons Construction Joint Stock Company Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.62	0.29	0.32	0.37	0.42

Competitive Comparison of Coteccons Construction Joint Stock Company's Receivables Turnover

For the Engineering & Construction subindustry, Coteccons Construction Joint Stock Company'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.

Coteccons Construction Joint Stock Company's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Coteccons Construction Joint Stock Company's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Coteccons Construction Joint Stock Company's Receivables Turnover falls into.

Coteccons Construction Joint Stock Company Receivables Turnover Calculation

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

Coteccons Construction Joint Stock Company's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	9077915.407	/ (	(7562109.867	+	8178396.861)	/	2 )
=	9077915.407	/	7870253.364
=	1.15

Coteccons Construction Joint Stock Company'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	4665851.979	/ (	(10688942.19	+	11364956.705)	/	2 )
=	4665851.979	/	11026949.4475
=	0.42

Coteccons Construction Joint Stock Company (STC:CTD) 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.

Coteccons Construction Joint Stock Company Receivables Turnover Related Terms

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Coteccons Construction Joint Stock Company (STC:CTD) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

236/6 Dien Bien Phu Street, Ward 17, Coteccons Building, Binh Thanh District, Ho Chi Minh, VNM

Website

http://www.coteccons.vn

Coteccons Construction Joint Stock Company constructs and installs civil and industrial, transportation and irrigation works, urban and industrial park infrastructure. It is also involved in the architectural design of general layout plan, civil and industrial works, indoor and outdoor, heating, ventilation, civil and industrial construction, urban infrastructure and air conditioning. The company is in the construction of water drainage and supply, environmental treatment, brokerage, consultancy, land use rights, installation of MEP system. The firm exports and imports iron, steel, building structures, materials and installation equipment, machinery, equipment, spare parts, technological line of construction industry and production of construction materials, machinery, and equipment.

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