Bakkavor Group (LSE:BAKK) Receivables Turnover : 8.30 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Bakkavor Group 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. Bakkavor Group's Revenue for the six months ended in Dec. 2023 was £1,113 Mil. Bakkavor Group's average Accounts Receivable for the six months ended in Dec. 2023 was £134 Mil. Hence, Bakkavor Group's Receivables Turnover for the six months ended in Dec. 2023 was 8.30.

Bakkavor Group Receivables Turnover Historical Data

The historical data trend for Bakkavor Group'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.

* Premium members only.

Bakkavor Group Receivables Turnover Chart

Bakkavor Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

17.22

16.36

16.35

17.66

16.44

Bakkavor Group Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											8.34	8.61	9.18	8.59	8.30

Competitive Comparison of Bakkavor Group's Receivables Turnover

For the Packaged Foods subindustry, Bakkavor Group'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.

Bakkavor Group's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bakkavor Group's Receivables Turnover distribution charts can be found below:

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

Bakkavor Group Receivables Turnover Calculation

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

Bakkavor Group'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 )
=	2203.8	/ (	(126.8	+	141.3)	/	2 )
=	2203.8	/	134.05
=	16.44

Bakkavor Group'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 )
=	1113.4	/ (	(127	+	141.3)	/	2 )
=	1113.4	/	134.15
=	8.30

Bakkavor Group (LSE:BAKK) 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.

Bakkavor Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Bakkavor Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Bakkavor Group (LSE:BAKK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bakkavor Group PLC (LSE:BAKK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BAKKl:UK

Address

8 Mortimer Street, Fitzroy Place, 5th Floor, London, GBR, W1T 3JJ

Website

https://www.bakkavor.com

Bakkavor Group PLC manufactures and markets a wide variety of freshly prepared food, covering a range of categories including meals, desserts, pizza & bread and salads. Some of its other products include soups & sauces, bread & dips, food-to-go, salads, fresh-cut salads, sandwiches & wraps, and bakery products. Its customers include grocery retailers as well as international food brands. Its geographical segments are the United Kingdom, United States, and China, of which the most of its revenue comes from the United Kingdom.

Bakkavor Group (LSE:BAKK) Headlines

No Headlines