Lotus Bakeries NV (XBRU:LOTB) Receivables Turnover : 3.89 (As of Dec. 2023)

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What is Lotus Bakeries NV 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. Lotus Bakeries NV's Revenue for the six months ended in Dec. 2023 was €562 Mil. Lotus Bakeries NV's average Accounts Receivable for the six months ended in Dec. 2023 was €145 Mil. Hence, Lotus Bakeries NV's Receivables Turnover for the six months ended in Dec. 2023 was 3.89.

Lotus Bakeries NV Receivables Turnover Historical Data

The historical data trend for Lotus Bakeries NV'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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Lotus Bakeries NV Receivables Turnover Chart

Lotus Bakeries NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.16

8.19

8.46

8.55

8.43

Lotus Bakeries NV 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															3.84	4.21	4.30	3.88	3.89

Competitive Comparison of Lotus Bakeries NV's Receivables Turnover

For the Packaged Foods subindustry, Lotus Bakeries NV'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.

Lotus Bakeries NV's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Lotus Bakeries NV's Receivables Turnover falls into.

Lotus Bakeries NV Receivables Turnover Calculation

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

Lotus Bakeries NV'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 )
=	1062.962	/ (	(110.755	+	141.468)	/	2 )
=	1062.962	/	126.1115
=	8.43

Lotus Bakeries NV'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 )
=	561.837	/ (	(147.588	+	141.468)	/	2 )
=	561.837	/	144.528
=	3.89

Lotus Bakeries NV (XBRU:LOTB) 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.

Lotus Bakeries NV Receivables Turnover Related Terms

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Lotus Bakeries NV (XBRU:LOTB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lotus Bakeries NV (XBRU:LOTB) » Definitions » Receivables Turnover

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Traded in Other Exchanges

LOTBb:UK

Address

Gentstraat 1, Lembeke, BEL, B-9971

Website

https://www.lotusbakeries.com

Lotus Bakeries NV produces and sells snacks under a range of brands. Under the Peijnenburg and Snelle Jelle brands, the company supplies gingerbread in Netherlands. With the Nakd, Trek, Bear, and Urban Fruit brands, the company offers snacks made from natural ingredients and no added sugar. Lotus Bakeries operates in Belgium, with production facilities in Belgium, the Netherlands, France, and Sweden, and a number of sales units in Europe, the U.S., and Asia. The company's product portfolio is divided into six product lines: the caramelized biscuits line, the waffles and galettes line, the cake specialties line, the gingerbread line, the pepparkakor biscuits line, and the Dinosaurs biscuits line. Lotus Bakeries distributes its products through retail, catering, and food services.

Lotus Bakeries NV (XBRU:LOTB) Headlines

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