Adbri (ASX:ABC) Receivables Turnover : 4.28 (As of Dec. 2023)

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What is Adbri 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. Adbri's Revenue for the six months ended in Dec. 2023 was A$995 Mil. Adbri's average Accounts Receivable for the six months ended in Dec. 2023 was A$233 Mil. Hence, Adbri's Receivables Turnover for the six months ended in Dec. 2023 was 4.28.

Adbri Receivables Turnover Historical Data

The historical data trend for Adbri'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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Adbri Receivables Turnover Chart

Adbri Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.10

8.24

9.20

9.43

10.25

Adbri Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.08	3.73	3.96	3.98	4.28

Competitive Comparison of Adbri's Receivables Turnover

For the Building Materials subindustry, Adbri'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.

Adbri's Receivables Turnover Distribution in the Building Materials Industry

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

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

Adbri Receivables Turnover Calculation

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

Adbri'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 )
=	1920.1	/ (	(187	+	187.5)	/	2 )
=	1920.1	/	187.25
=	10.25

Adbri'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 )
=	995.4	/ (	(277.8	+	187.5)	/	2 )
=	995.4	/	232.65
=	4.28

Adbri (ASX:ABC) 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.

Adbri Receivables Turnover Related Terms

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Adbri (ASX:ABC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Adbri Ltd (ASX:ABC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ADBCF:USA GHO:Germany

Address

157 Grenfell Street, Level 1, GPO Box 2155, Adelaide, SA, AUS, 5001

Website

https://www.adbri.com.au

Adbri specializes in the production and supply of construction materials, including cement, lime, concrete, aggregates, and masonry, from a nationwide network of plants and quarries. Selling about five million metric tons of cement per year and almost one million metric tons of lime, Adbri is the second-largest cement producer and largest lime producer in Australia, with a focus on customers in the residential construction, infrastructure, and mining sectors.

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