Aguas Andinas (XSGO:AGUAS-B) Receivables Turnover : 1.09 (As of Mar. 2024)

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What is Aguas Andinas 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. Aguas Andinas's Revenue for the three months ended in Mar. 2024 was CLP189,140 Mil. Aguas Andinas's average Accounts Receivable for the three months ended in Mar. 2024 was CLP173,909 Mil. Hence, Aguas Andinas's Receivables Turnover for the three months ended in Mar. 2024 was 1.09.

Aguas Andinas Receivables Turnover Historical Data

The historical data trend for Aguas Andinas'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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Aguas Andinas Receivables Turnover Chart

Aguas Andinas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.30

3.78

4.13

3.92

3.88

Aguas Andinas 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															1.08	0.92	0.90	1.02	1.09

Competitive Comparison of Aguas Andinas's Receivables Turnover

For the Utilities - Regulated Water subindustry, Aguas Andinas'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.

Aguas Andinas's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Aguas Andinas's Receivables Turnover distribution charts can be found below:

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

Aguas Andinas Receivables Turnover Calculation

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

Aguas Andinas'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 )
=	640855.854	/ (	(161859.008	+	168409.768)	/	2 )
=	640855.854	/	165134.388
=	3.88

Aguas Andinas'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 )
=	189140.192	/ (	(168409.768	+	179407.486)	/	2 )
=	189140.192	/	173908.627
=	1.09

Aguas Andinas (XSGO:AGUAS-B) 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.

Aguas Andinas Receivables Turnover Related Terms

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Aguas Andinas (XSGO:AGUAS-B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Aguas Andinas SA (XSGO:AGUAS-B) » Definitions » Receivables Turnover

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Traded in Other Exchanges

AGUAS-A:Chile

Address

Avenida Presidente Balmaceda No. 1398, 14th Floor, Santiago, CHL

Website

https://www.aguasandinasinversionistas.cl

Aguas Andinas SA delivers water-treatment solutions and other sanitation services under concession arrangements from the Chilean government. The company collects, cleans, and distributes water to residential, commercial, and industrial clients. Also, the company treats and disposes sewage and remnants from the process. Wastewater is decontaminated and used for irrigation systems. Aguas Andinas has two operating segments: water (a majority of total revenue) and nonwater. The company gathers water flowing from the Andes and has plants to transform it into a usable form. It uses tanks and an extensive underground network to distribute water to customers.

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