Golf Group (XTAE:GOLF) Receivables Turnover : 2.39 (As of Mar. 2024)

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What is Golf Group 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. Golf Group's Revenue for the three months ended in Mar. 2024 was ₪200.6 Mil. Golf Group's average Accounts Receivable for the three months ended in Mar. 2024 was ₪83.8 Mil. Hence, Golf Group's Receivables Turnover for the three months ended in Mar. 2024 was 2.39.

Golf Group Receivables Turnover Historical Data

The historical data trend for Golf Group'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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Golf Group Receivables Turnover Chart

Golf Group Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.83

7.94

8.96

9.03

8.36

Golf Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.27	2.22	2.08	1.89	2.39

Competitive Comparison of Golf Group's Receivables Turnover

For the Specialty Retail subindustry, Golf Group'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.

Golf Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Golf Group's Receivables Turnover distribution charts can be found below:

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

Golf Group Receivables Turnover Calculation

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

Golf Group'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 )
=	852.161	/ (	(102.895	+	101.086)	/	2 )
=	852.161	/	101.9905
=	8.36

Golf Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	200.555	/ (	(101.086	+	66.514)	/	2 )
=	200.555	/	83.8
=	2.39

Golf Group (XTAE:GOLF) 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.

Golf Group Receivables Turnover Related Terms

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Golf Group (XTAE:GOLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golf & Co Group Ltd (XTAE:GOLF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamalka 5, Netanya, ISR, 69512

Website

http://www.golfco.co.il

Golf & Co Group Ltd operates retail chain stores offering home fashion products. It operates in the fields of fashion, textiles and home design. The company's offering includes home textile and home ware items such as bed linens, blankets, towels, dinnerware, drink ware, cookware and kitchen items, among others. It also provides spa products, as well as aromatherapy products. It also sales products through online site.