Fodelia Oyj (OHEL:FODELIA) Receivables Turnover : 5.14 (As of Dec. 2023)

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What is Fodelia Oyj 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. Fodelia Oyj's Revenue for the six months ended in Dec. 2023 was €24.71 Mil. Fodelia Oyj's average Accounts Receivable for the six months ended in Dec. 2023 was €4.81 Mil. Hence, Fodelia Oyj's Receivables Turnover for the six months ended in Dec. 2023 was 5.14.

Fodelia Oyj Receivables Turnover Historical Data

The historical data trend for Fodelia Oyj'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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Fodelia Oyj Receivables Turnover Chart

Fodelia Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.70

11.86

11.67

11.49

Fodelia Oyj Semi-Annual Data
	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					5.02	5.13	5.15	5.23	5.14

Competitive Comparison of Fodelia Oyj's Receivables Turnover

For the Packaged Foods subindustry, Fodelia Oyj'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.

Fodelia Oyj's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Fodelia Oyj's Receivables Turnover falls into.

Fodelia Oyj Receivables Turnover Calculation

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

Fodelia Oyj'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 )
=	48.965	/ (	(4.085	+	4.435)	/	2 )
=	48.965	/	4.26
=	11.49

Fodelia Oyj'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 )
=	24.706	/ (	(5.185	+	4.435)	/	2 )
=	24.706	/	4.81
=	5.14

Fodelia Oyj (OHEL:FODELIA) 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.

Fodelia Oyj Receivables Turnover Related Terms

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Fodelia Oyj (OHEL:FODELIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fodelia Oyj (OHEL:FODELIA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tuotetie 1, Pyhanta, FIN, 92930

Website

https://www.fodelia.fi

Fodelia Oyj is a manufacturer of food products in Finland. Its food operations include Real Snacks, a potato chip factory that manufactures potato chips and corn and oat snacks from primarily Finnish raw materials for both the domestic market and exports market; and Feelia a manufacturer of pre-cooked meals.

Fodelia Oyj (OHEL:FODELIA) Headlines

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