AFC Group Holdings (NZSE:AFC) Receivables Turnover : 104.38 (As of Mar. 2024)

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What is AFC Group Holdings 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. AFC Group Holdings's Revenue for the six months ended in Mar. 2024 was NZ$0.84 Mil. AFC Group Holdings's average Accounts Receivable for the six months ended in Mar. 2024 was NZ$0.01 Mil. Hence, AFC Group Holdings's Receivables Turnover for the six months ended in Mar. 2024 was 104.38.

AFC Group Holdings Receivables Turnover Historical Data

The historical data trend for AFC Group Holdings'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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AFC Group Holdings Receivables Turnover Chart

AFC Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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1.72

2.03

4.35

107.50

105.92

AFC Group Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															29.60	61.00	33.67	75.23	104.38

Competitive Comparison of AFC Group Holdings's Receivables Turnover

For the Food Distribution subindustry, AFC Group Holdings'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.

AFC Group Holdings's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, AFC Group Holdings's Receivables Turnover distribution charts can be found below:

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

AFC Group Holdings Receivables Turnover Calculation

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

AFC Group Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	1.324	/ (	(0.011	+	0.014)	/	2 )
=	1.324	/	0.0125
=	105.92

AFC Group Holdings'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.835	/ (	(0.002	+	0.014)	/	2 )
=	0.835	/	0.008
=	104.38

AFC Group Holdings (NZSE:AFC) 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.

AFC Group Holdings Receivables Turnover Related Terms

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AFC Group Holdings (NZSE:AFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » AFC Group Holdings Ltd (NZSE:AFC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 15, Tower 2, 205 Queen Street, Auckland, NZL, 1010

Website

http://www.afcnz.com

AFC Group Holdings Ltd operates in the production, manufacture, distribution, and purchase of food, health, and cosmetic products. The business activities of the group are operated through International Marketing; Vineyard and Winery; Corporate; and Manufacturing segments. International Marketing segment which generates majority revenue sources packaged food, cosmetics, and health products. Vineyard and Winery segment produces and sells a number of varietals and blends of wine. The corporate segment provides accounting, management, and administration services. Manufacturing segment covers a face-mask production line.