Fertiglobe (ADX:FERTIGLB) Receivables Turnover : 1.86 (As of Mar. 2024)

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What is Fertiglobe 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. Fertiglobe's Revenue for the three months ended in Mar. 2024 was د.إ2,027 Mil. Fertiglobe's average Accounts Receivable for the three months ended in Mar. 2024 was د.إ1,089 Mil. Hence, Fertiglobe's Receivables Turnover for the three months ended in Mar. 2024 was 1.86.

Fertiglobe Receivables Turnover Historical Data

The historical data trend for Fertiglobe'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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Fertiglobe Receivables Turnover Chart

Fertiglobe Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.57

5.25

8.81

11.37

6.70

Fertiglobe Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												1.90	1.82	1.84	2.14	1.86

Competitive Comparison of Fertiglobe's Receivables Turnover

For the Agricultural Inputs subindustry, Fertiglobe'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.

Fertiglobe's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Fertiglobe's Receivables Turnover distribution charts can be found below:

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

Fertiglobe Receivables Turnover Calculation

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

Fertiglobe'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 )
=	8874.802	/ (	(1493.091	+	1154.437)	/	2 )
=	8874.802	/	1323.764
=	6.70

Fertiglobe'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 )
=	2027.151	/ (	(1154.437	+	1024.044)	/	2 )
=	2027.151	/	1089.2405
=	1.86

Fertiglobe (ADX:FERTIGLB) 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.

Fertiglobe Receivables Turnover Related Terms

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Fertiglobe (ADX:FERTIGLB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Fertiglobe PLC (ADX:FERTIGLB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Abu Dhabi Global Market Square, 2475-2476, 20th floor, Al Sila Tower, Al Maryah Island, ARE

Website

https://www.fertiglobe.com

Fertiglobe PLC is engaged in the production of urea, ammonia, and other gas-based fertilizers for export and distribution. The company's portfolio of products comprises ammonia, urea for agricultural and industrial customers, and DEF, which is also known as AdBlue in Europe and marketed as AdGreen by FERTIL, for industrial customers.

Fertiglobe (ADX:FERTIGLB) Headlines

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