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Foley Wines (NZSE:FWL) Receivables Turnover : 2.45 (As of Dec. 2023)


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What is Foley Wines 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. Foley Wines's Revenue for the six months ended in Dec. 2023 was NZ$28.71 Mil. Foley Wines's average Accounts Receivable for the six months ended in Dec. 2023 was NZ$11.70 Mil. Hence, Foley Wines's Receivables Turnover for the six months ended in Dec. 2023 was 2.45.


Foley Wines Receivables Turnover Historical Data

The historical data trend for Foley Wines'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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Foley Wines Receivables Turnover Chart

Foley Wines Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.60 6.96 6.78 5.82 5.64

Foley Wines Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Dec17 Jun18 Dec18 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 3.17 3.29 3.04 2.59 2.45

Competitive Comparison of Foley Wines's Receivables Turnover

For the Beverages - Wineries & Distilleries subindustry, Foley Wines'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.


Foley Wines's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Foley Wines's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Foley Wines's Receivables Turnover falls into.



Foley Wines Receivables Turnover Calculation

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

Foley Wines'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 )
=66.632 / ((9.834 + 13.784) / 2 )
=66.632 / 11.809
=5.64

Foley Wines'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 )
=28.71 / ((13.784 + 9.616) / 2 )
=28.71 / 11.7
=2.45

* 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.


Foley Wines  (NZSE:FWL) 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.


Foley Wines Receivables Turnover Related Terms

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Foley Wines (NZSE:FWL) Business Description

Traded in Other Exchanges
N/A
Address
13 Waihopai Valley Road, RD6, Blenheim, MBH, NZL, 7276
Foley Wines Ltd is a wine company that produces table wines and markets and sells premium wines in New Zealand and various export markets. The company's vineyards are in Marlborough and Martinborough, New Zealand. The company earns majority of its revenue from sale of bottled wines. It sells its products in New Zealand, Australia, the United States, Canada, the United Kingdom, Europe, and the rest of the world.

Foley Wines (NZSE:FWL) Headlines

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