Grupo Aeroportuario del SuresteB de CV (Grupo Aeroportuario del SuresteB de CV) Receivables Turnover : 2.91 (As of Mar. 2024)

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What is Grupo Aeroportuario del SuresteB de CV 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. Grupo Aeroportuario del SuresteB de CV's Revenue for the three months ended in Mar. 2024 was $448 Mil. Grupo Aeroportuario del SuresteB de CV's average Accounts Receivable for the three months ended in Mar. 2024 was $154 Mil. Hence, Grupo Aeroportuario del SuresteB de CV's Receivables Turnover for the three months ended in Mar. 2024 was 2.91.

Grupo Aeroportuario del SuresteB de CV Receivables Turnover Historical Data

The historical data trend for Grupo Aeroportuario del SuresteB de CV'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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Grupo Aeroportuario del SuresteB de CV Receivables Turnover Chart

Grupo Aeroportuario del SuresteB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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19.05

11.63

12.44

11.71

11.40

Grupo Aeroportuario del SuresteB de CV 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															2.67	2.86	3.39	3.41	2.91

Competitive Comparison of Grupo Aeroportuario del SuresteB de CV's Receivables Turnover

For the Airports & Air Services subindustry, Grupo Aeroportuario del SuresteB de CV'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.

Grupo Aeroportuario del SuresteB de CV's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Grupo Aeroportuario del SuresteB de CV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Grupo Aeroportuario del SuresteB de CV's Receivables Turnover falls into.

Grupo Aeroportuario del SuresteB de CV Receivables Turnover Calculation

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

Grupo Aeroportuario del SuresteB de CV'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 )
=	1521.225	/ (	(130.382	+	136.549)	/	2 )
=	1521.225	/	133.4655
=	11.40

Grupo Aeroportuario del SuresteB de CV'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 )
=	447.987	/ (	(136.549	+	171.603)	/	2 )
=	447.987	/	154.076
=	2.91

Grupo Aeroportuario del SuresteB de CV (NYSE:ASR) 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.

Grupo Aeroportuario del SuresteB de CV Receivables Turnover Related Terms

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Grupo Aeroportuario del SuresteB de CV (Grupo Aeroportuario del SuresteB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo Aeroportuario del Sureste SAB de CV (NYSE:ASR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ASRMF:USA ASURB:Mexico AED:Germany ASR:Argentina

Address

Bosque de Alisos No. 47A - 4th Floor, Bosques de las Lomas, Ciudad de Mexico, DF, MEX, 05120

Website

https://www.asur.com.mx

Grupo Aeroportuario del Sureste SAB de CV operates airports in southeast Mexico. The company's segments include Cancun; Aerostar; Airplan; Merida; Villahermosa; Holding and Services and other. It generates maximum revenue from the Cancun segment.