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Allied Farmers (NZSE:ALF) Receivables Turnover : 1.09 (As of Dec. 2023)


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What is Allied Farmers 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. Allied Farmers's Revenue for the six months ended in Dec. 2023 was NZ$9.69 Mil. Allied Farmers's average Accounts Receivable for the six months ended in Dec. 2023 was NZ$8.92 Mil. Hence, Allied Farmers's Receivables Turnover for the six months ended in Dec. 2023 was 1.09.


Allied Farmers Receivables Turnover Historical Data

The historical data trend for Allied Farmers'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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Allied Farmers Receivables Turnover Chart

Allied Farmers Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.66 0.50 0.66 0.83

Allied Farmers Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.34 - 0.76 0.18 1.09

Competitive Comparison of Allied Farmers's Receivables Turnover

For the Farm Products subindustry, Allied Farmers'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.


Allied Farmers's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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



Allied Farmers Receivables Turnover Calculation

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

Allied Farmers'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 )
=10.015 / ((12.66 + 11.436) / 2 )
=10.015 / 12.048
=0.83

Allied Farmers'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 )
=9.69 / ((11.436 + 6.412) / 2 )
=9.69 / 8.924
=1.09

* 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.


Allied Farmers  (NZSE:ALF) 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.


Allied Farmers Receivables Turnover Related Terms

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Allied Farmers (NZSE:ALF) Business Description

Traded in Other Exchanges
N/A
Address
201 Broadway, Stratford, NTL, NZL, 4332
Allied Farmers Ltd is engaged in the trading of dairy herds and sourcing and promoting dairy, beef, and sheep livestock for sale. The company's operating segment include Livestock Services, Financial Services, Rural Land Management and Parent Operations. It generates maximum revenue from the Livestock Services segment which involves an agency business facilitating livestock transactions and the procurement and export of veal.

Allied Farmers (NZSE:ALF) Headlines

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