Corporacion America Airports (Corporacion America Airports) Receivables Turnover : 3.11 (As of Mar. 2024)

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What is Corporacion America Airports 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. Corporacion America Airports's Revenue for the three months ended in Mar. 2024 was $433 Mil. Corporacion America Airports's average Accounts Receivable for the three months ended in Mar. 2024 was $139 Mil. Hence, Corporacion America Airports's Receivables Turnover for the three months ended in Mar. 2024 was 3.11.

Corporacion America Airports Receivables Turnover Historical Data

The historical data trend for Corporacion America Airports'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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Corporacion America Airports Receivables Turnover Chart

Corporacion America Airports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.06

7.41

7.15

10.11

10.10

Corporacion America Airports 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															3.06	3.58	3.66	0.91	3.11

Competitive Comparison of Corporacion America Airports's Receivables Turnover

For the Airports & Air Services subindustry, Corporacion America Airports'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.

Corporacion America Airports's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Corporacion America Airports's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Corporacion America Airports's Receivables Turnover falls into.

Corporacion America Airports Receivables Turnover Calculation

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

Corporacion America Airports'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 )
=	1400.038	/ (	(134.221	+	143.007)	/	2 )
=	1400.038	/	138.614
=	10.10

Corporacion America Airports'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 )
=	433.047	/ (	(143.007	+	135.668)	/	2 )
=	433.047	/	139.3375
=	3.11

Corporacion America Airports (NYSE:CAAP) 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.

Corporacion America Airports Receivables Turnover Related Terms

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Corporacion America Airports (Corporacion America Airports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Corporacion America Airports SA (NYSE:CAAP) » Definitions » Receivables Turnover

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Address

128, Boulevard de la Petrusse, Grand Duchy of Luxembourg, Luxembourg, LUX, L-2330

Website

https://www.caap.aero

Corporacion America Airports SA acquires, develops and operates airport concessions. Its operating segments are geographically divided into Argentina, Italy, Brazil, Uruguay, Ecuador and Armenia. The company generates a majority of its revenue from the Argentina segment. The firm's revenue is categorized into Aeronautical Revenue, Non-Aeronautical Revenue, Commercial Revenue, Construction Service Revenue, and Other Revenue.