ACI Formulations (DHA:ACIFORMULA) Receivables Turnover : 0.92 (As of Dec. 2023)

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What is ACI Formulations 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. ACI Formulations's Revenue for the three months ended in Dec. 2023 was BDT1,387 Mil. ACI Formulations's average Accounts Receivable for the three months ended in Dec. 2023 was BDT1,508 Mil. Hence, ACI Formulations's Receivables Turnover for the three months ended in Dec. 2023 was 0.92.

ACI Formulations Receivables Turnover Historical Data

The historical data trend for ACI Formulations'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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ACI Formulations Receivables Turnover Chart

ACI Formulations Annual Data

Trend

Dec13

Dec14

Dec15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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2.63

2.08

2.70

3.54

4.36

ACI Formulations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.05	0.91	0.70	1.11	0.92

Competitive Comparison of ACI Formulations's Receivables Turnover

For the Agricultural Inputs subindustry, ACI Formulations'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.

ACI Formulations's Receivables Turnover Distribution in the Agriculture Industry

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

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

ACI Formulations Receivables Turnover Calculation

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

ACI Formulations'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 )
=	4959.809	/ (	(1112.572	+	1160.848)	/	2 )
=	4959.809	/	1136.71
=	4.36

ACI Formulations'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1387.48	/ (	(1411.451	+	1603.953)	/	2 )
=	1387.48	/	1507.702
=	0.92

ACI Formulations (DHA:ACIFORMULA) 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.

ACI Formulations Receivables Turnover Related Terms

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ACI Formulations (DHA:ACIFORMULA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » ACI Formulations Ltd (DHA:ACIFORMULA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

ACI Centre, 245, Tejgaon Industrial Area, Dhaka, BGD, 1208

Website

https://www.aci-bd.com

ACI Formulations Ltd is an agricultural chemicals manufacturer. The principal activities of the company are manufacturing and marketing a number of agrochemical and consumer products. The company has structured its operations into the following business segments - Crop Care and Public Health segment, which manufactures and sell crop care and public health products; Mosquito Coil segment is engaged in the manufacturing and selling of mosquito coil products; the Aerosol segment is engaged in the manufacturing and selling aerosol and air freshener products; and Paint segment which manufactures and sells paint products. It derives key revenue from the Crop Care and Public Health segment.

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