Floridienne (XBRU:FLOB) Receivables Turnover : 2.54 (As of Dec. 2023)

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What is Floridienne 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. Floridienne's Revenue for the six months ended in Dec. 2023 was €281.8 Mil. Floridienne's average Accounts Receivable for the six months ended in Dec. 2023 was €111.2 Mil. Hence, Floridienne's Receivables Turnover for the six months ended in Dec. 2023 was 2.54.

Floridienne Receivables Turnover Historical Data

The historical data trend for Floridienne'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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Floridienne Receivables Turnover Chart

Floridienne Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.29

5.28

5.62

6.94

4.84

Floridienne Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.23	3.39	3.37	3.24	2.54

Competitive Comparison of Floridienne's Receivables Turnover

For the Conglomerates subindustry, Floridienne'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.

Floridienne's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Floridienne's Receivables Turnover distribution charts can be found below:

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

Floridienne Receivables Turnover Calculation

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

Floridienne'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 )
=	549.348	/ (	(84.932	+	141.939)	/	2 )
=	549.348	/	113.4355
=	4.84

Floridienne'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 )
=	281.78	/ (	(80.369	+	141.939)	/	2 )
=	281.78	/	111.154
=	2.54

Floridienne (XBRU:FLOB) 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.

Floridienne Receivables Turnover Related Terms

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Floridienne (XBRU:FLOB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Floridienne SA (XBRU:FLOB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Dreve Richelle 161, box 4, Building P, Waterloo, BEL, B-1410

Website

http://www.floridienne.be

Floridienne SA is a diversified holding company. It operates in gourmet food, life sciences, and chemicals divisions. The gourmet food division covers production and marketing companies in the sector of the party and gourmet food products such as snails, scallops etc and also special needs foods. The life sciences division produces and markets natural technologies and products for agriculture, parapharmaceuticals, agri-foodstuffs, cosmetics, and health care. The chemicals division consists of companies that operate in particular in the field of additives used to stabilize PVC and also involved in the recycling of industrial and car batteries.

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