Cooper-Standard(Cps) Financials: Receivables Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - receivables turnover
This chart shows the historical trend of receivables turnover for CPS compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Receivables Turnover
Definition: Receivables turnover tells you how quickly the company collects payments from customers after making sales on credit. A high turnover means customers pay on time and cash flows smoothly. Slow turnover suggests delayed collections, which can create cash shortages and financing stress.
Interpretation:
• In '2021', CPS's receivables turnover was 4.76, showing efficiency in collecting outstanding receivables. Industry average for Auto Parts:O.E.M. in '2021' stood at 4.23.
• In '2022', CPS's receivables turnover was 5.04, showing efficiency in collecting outstanding receivables. The increase since '2021' reflects strengthening financial performance. Industry average for Auto Parts:O.E.M. in '2022' stood at 4.60. Industry average increased by 0.37 compared to previous year.
• In '2023', CPS's receivables turnover was 5.34, showing efficiency in collecting outstanding receivables. The increase since '2022' reflects strengthening financial performance. Industry average for Auto Parts:O.E.M. in '2023' stood at 4.84. Industry average increased by 0.25 compared to previous year.
• In '2024', CPS's receivables turnover was 5.58, showing efficiency in collecting outstanding receivables. The increase since '2023' reflects strengthening financial performance. Industry average for Auto Parts:O.E.M. in '2024' stood at 4.93. Industry average increased by 0.09 compared to previous year.
Overall, CPS's receivables turnover has steadily improved over the past 4 years.
Formula: Receivables Turnover = Net Credit Sales / Average Accounts Receivable
Good Range: Ranges 5 to 15 depending on credit terms.