Jollibee Foods (Jollibee Foods) Receivables Turnover : 12.34 (As of Mar. 2024)

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What is Jollibee Foods 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. Jollibee Foods's Revenue for the three months ended in Mar. 2024 was $1,053 Mil. Jollibee Foods's average Accounts Receivable for the three months ended in Mar. 2024 was $85 Mil. Hence, Jollibee Foods's Receivables Turnover for the three months ended in Mar. 2024 was 12.34.

Jollibee Foods Receivables Turnover Historical Data

The historical data trend for Jollibee Foods'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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Jollibee Foods Receivables Turnover Chart

Jollibee Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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40.07

26.46

31.77

40.51

44.44

Jollibee Foods Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															10.75	12.98	13.08	13.24	12.34

Competitive Comparison of Jollibee Foods's Receivables Turnover

For the Restaurants subindustry, Jollibee Foods'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.

Jollibee Foods's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Jollibee Foods's Receivables Turnover distribution charts can be found below:

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

Jollibee Foods Receivables Turnover Calculation

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

Jollibee Foods'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 )
=	4191.355	/ (	(96.216	+	92.419)	/	2 )
=	4191.355	/	94.3175
=	44.44

Jollibee Foods'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 )
=	1052.743	/ (	(92.419	+	78.198)	/	2 )
=	1052.743	/	85.3085
=	12.34

Jollibee Foods (OTCPK:JBFCF) 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.

Jollibee Foods Receivables Turnover Related Terms

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Jollibee Foods (Jollibee Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Jollibee Foods Corp (OTCPK:JBFCF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

JBFCY:USA JFC:Philippines

Address

10 F. Ortigas Junior avenue, 10th Floor, Jollibee Plaza Building, Ortigas Centre, Pasig, PHL, 1605

Website

https://www.jollibee.com.ph

Jollibee Foods Corp is engaged in operating and franchising quick-service restaurants. The company has three business segments; The food service segment is involved in the operations of QSRs and the manufacture of food, products to be sold to JFC Group-owned and franchised QSR outlets, The franchising segment is involved in the franchising of the JFC Group's QSR store concepts, and The leasing segment leases store sites mainly to the JFC Group's independent franchisees. The group's geographical segments are based on the location of the assets producing revenues in the Philippines and in other locations which include PRC, USA, Canada, Vietnam, Singapore, Malaysia, Italy, UK, UAE, Hongkong, Macau, Brunei, Taiwan, and Australia.

Jollibee Foods (Jollibee Foods) Headlines

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