Lavoro (Lavoro) Receivables Turnover : 1.56 (As of Dec. 2023)

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What is Lavoro 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. Lavoro's Revenue for the six months ended in Dec. 2023 was $1,109 Mil. Lavoro's average Accounts Receivable for the six months ended in Dec. 2023 was $713 Mil. Hence, Lavoro's Receivables Turnover for the six months ended in Dec. 2023 was 1.56.

Lavoro Receivables Turnover Historical Data

The historical data trend for Lavoro'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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Lavoro Receivables Turnover Chart

Lavoro Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

3.48

4.74

4.26

Lavoro Semi-Annual Data
	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			2.43	2.08	1.96	1.25	1.56

Competitive Comparison of Lavoro's Receivables Turnover

For the Agricultural Inputs subindustry, Lavoro'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.

Lavoro's Receivables Turnover Distribution in the Agriculture Industry

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

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

Lavoro Receivables Turnover Calculation

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

Lavoro's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	1925.832	/ (	(355.529	+	549.489)	/	2 )
=	1925.832	/	452.509
=	4.26

Lavoro's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1108.588	/ (	(549.489	+	875.888)	/	2 )
=	1108.588	/	712.6885
=	1.56

Lavoro (NAS:LVRO) 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.

Lavoro Receivables Turnover Related Terms

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Lavoro (Lavoro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Lavoro Ltd (NAS:LVRO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Dr. Cardoso de Melo, 1450, 4th floor, office 401, Sao Paulo, SP, BRA, 04548-005

Website

https://www.lavoroagro.com

Lavoro Ltd operates in the agricultural inputs retail market, with operations spread across Brazil and Colombia, and an emergent agricultural input trading company in Uruguay. The reportable segments of the company include the Brazil Cluster, which comprises companies dedicated to the distribution of agricultural inputs such as crop protection, seeds, fertilizers and specialty products, in Brazil; the LATAM Cluster, which includes companies dedicated to the distribution of agricultural inputs outside Brazil (predominantly in Colombia); and the Crop Care Cluster. A substantial part of the company's overall revenue is generated from its Brazil cluster segment.